Credit insurance policies cover the credit risks faced by businesses and people who have availed loans from financial institutes. The death or bankruptcy of businessmen will take a toll on the finances of the business. The credit insurance policy will pay the outstanding dues and help businesses from bad debts. There are many types of credit insurance policies like credit life insurance, credit disability insurance, credit involuntary employment insurance, credit property insurance and trade credit insurance.

There are many insurance companies that provide credit insurance: