Paperwork may be a headache but it’s a necessity for the checks and balances that ensure cash flow is sustained. Accounts receivable insurance is a special product that covers you in the event that your accounts are destroyed by fire, water, burglary, or other insured event – resulting in your being unable to trace or establish the outstanding debit balances due to you.
As an additional protective measure, we strongly recommend that a suitable backup procedure be put in place, and the backed-up data be removed from the premises on a daily basis, or contained in a fireproof lockup safe.
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