Running a small business comes with its fair share of challenges, and one of the most significant issues many business owners face is getting paid on time. Late payments can cause severe cash flow problems, disrupting your ability to pay suppliers, cover expenses, and even make payroll. If late payments are a recurring issue […]
5 Strategies to Ensure Your Small Business Customers Pay You on Time Read More »
Addressing the Impact of Construction Insolvencies on Apprenticeships In the construction industry, the financial cost of insolvencies is a well-documented concern. However, there’s another equally troubling consequence that deserves our attention: the significant decline in the number of apprentices being taken on by sub-contractors. This trend, coupled with the record costs of bad debts, poses
How Bad Debt Protection Can Save Your Construction Business Read More »
Over 7,700 Australian businesses have gone bust this financial year. This is up over 93% on data from the last 3 years. The below case studies outline how a credit insurance policy can protect your businesses’ cashflow. The challenges in the Australian economy are well and truly having an impact on the survival of Australian
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
Trade Credit Insurance Australia: Securing Your Business with Debtor Protect Read More »
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,
How Trade Credit Insurance Can Shield Your Business from Debt Risks Read More »
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.