Definitions for "Accounts Receivable Insurance"
Insures against the loss an Insured suffers because of not being able to collect the balance due on accounts receivable from customers in the event account receivable records are damaged or destroyed.
Pays for the cost of reconstructing accounts receivable records that have been damaged or destroyed by a covered peril. Even more important, it covers any payments that cannot be collected because records cannot be reconstructed.
Coverage when business records are destroyed by an insured peril and the business cannot collect money owed.