For most recycling companies, trade debts or accounts receivable can represent as much as 40 per cent of total assets. A loss in this category can close down a business. Credit insurance is often an overlooked insurance protection that provides coverage for many losses linked to bad debt and other related situations. In a recent article published by Solid Waste & Recycling, Assurance Senior Vice President, John Schumacher, discusses the strategic benefits of credit insurance for recyclers.
Read the full story for tips on preventing a loss.
ABOUT THE AUTHOR
John Schumacher is a Senior Vice President and shareholder at Assurance. He focuses on insurance placement and risk improvement for manufacturing, recycling and environmental engineering businesses. In addition, he's a Certified Safety Professional as well as a Commercial Lines Coverage Specialist (CLCS). With over 25 years of experience, John’s primary responsibility to his clients is to understand their business operations and help them create strategies for impacting their total cost of risk in both P&C and employee benefits. He engages clients with strategies for effective safety/wellness and claims management to impact the overall health of the workforce. John graduated from Illinois State University with a Bachelor of Science degree in Occupational Safety.