The Payments System—Credit Insurance and Minimizing Risk
Selling on open account always involves the risk of nonpayment. Always. Yet, the assumed outcome of all B2B commerce is that you will get paid.
With open-account transactions, you, the seller, assume all of the risk, and your customers bear none of the risk.
Most vendors take steps to mitigate the risk of nonpayment, including:
Credit insurance can minimize the risk for all transactions where, you, the seller, assume it.