accounts receivable insurance Definition | Business Dictionaries from AllBusiness.com
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Business Definition for: accounts receivable insurance
accounts receivable insurance

coverage when business records are destroyed by an insured peril and the business cannot collect money owed. The policy covers these uncollectible sums plus the expense of record reconstruction and extra collection fees. It does not insure the physical value of the records themselves such as the paper or computer disks and tapes.

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