Legal Expenses Insurance is offered by ARAG, and has been used globally for decades. Only recently it’s made it’s way to our shores. It’s a great product, that will allow you to engage solicitors and enforce your legal rights should you require it. It will compliment and sit alongside your trade credit insurance policy for […]
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Protect Your Business with Bad Debt Protection Insurance In the dynamic landscape of business, uncertainties often lurk around the corner, casting shadows on the solvency of your clients and consequently, your cash flow. In such challenging times, having a safety net becomes paramount. This is where Debtor Protect steps in, offering you a shield against
The green line above represents the number of insolvencies in the last 6 months compared to previous years. Over 4,995 Aussie businesses have gone broke in that time. Bad debts are costing suppliers billions of dollars. The challenges in the Australian economy are well and truely having an impact on the survival of Australian businesses.
Understanding Trade Credit Insurance Australia Trade credit insurance is a vital tool for businesses, especially in today’s volatile economic climate. It offers protection against the non-payment of trade debts, ensuring that your business remains financially stable even when customers fail to pay their dues. This is particularly crucial in Australia, where businesses often deal with
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Ensuring the financial stability of your business in today’s unpredictable economic climate is paramount. One critical aspect of this is protecting your business from bad debts. Bad debt protection, also known as debtor insurance or credit insurance, provides a safety net against losses incurred from customer non-payment. Debtor Protect specialises in this area, offering tailored
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In today’s ever-changing and challenging business environment, protecting your company’s financial stability is crucial. Bad Debt Protection is a powerful tool that can safeguard your business from potential ruin caused by customer non-payment. This article explores the definition, importance, and advantages of Bad Debt Protection, as well as its limitations. By understanding the intricacies of
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Running a business involves a myriad of challenges, and among them, managing credit risk is often cited as one of the most perplexing. Navigating credit terms, debt, and cash flow can be a tricky affair, especially when your debtor defaults or faces insolvency. This is where trade credit insurance steps in to protect your business,
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Since the COVID pandemic in late 2019, the ATO has been very patient in pursuing SME’s on overdue tax debt. It’s been a lever that’s been pulled to give many struggling businesses the time needed to navigate a very tricky few years. A lot of businesses owners I’ve spoken to over the last 24 months
Unpaid debt and overdue invoices can cripple any business, affecting cash flow and undermining your financial stability. While debt collection agencies and legal advice are options, prevention is often better than cure. Here are five steps to protect your business from future unpaid debt, along with how Debtor Protect’s specialized services can offer you an
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In the ever-evolving landscape of the Australian economy and the construction sector, challenges continue to emerge that put businesses at risk. Supply chain disruptions, escalating costs of raw materials, and unforeseen delays are just a few of the obstacles faced by construction businesses across the nation. As Australia’s construction industry experiences similar challenges to its
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Debtor Protect Pty Ltd is a Corporate Authorised Representative of Insurance Advisernet Australia Pty Ltd. AFSL No. 240549 Corporate Authorised Representative No. 1261654. Visit the Insurance Advisernet website.