News
Impact of Holiday Shutdown on Business Cash Flow
The summer holiday period can be a double-edged sword for Australian businesses. While it’s a time of rest for many, it often brings significant cash flow challenges due to reduced operations and delayed payments. For SMEs, contractors, and suppliers, this period can also amplify the risk of bad debts. At Debtor Protect, we understand these
The Christmas Cash Flow Crunch
Businesses in all sectors usually find cash flow the hardest to manage around Christmas and the New Year. Historically this has meant that there is a sharp spike in insolvencies and bad debts in January and February. How can your clients best protect themselves? Getting paid over Christmas and the New Year is harder than
The Rise of Bad Debts in Australia
Rising Insolvencies and Bad Debts in Australia: Why Debtor Protect Is Your Best Defence In recent years, Australian businesses have faced a growing challenge: rising insolvencies and bad debts. As economic conditions fluctuate, many companies find themselves struggling to stay afloat, leading to an increase in insolvencies across the country. For business owners, this trend
Australia’s Two-Speed Economy: What It Means for Small Businesses
A recent article discussing Australia’s two-speed economy highlights the stark contrast between booming large corporations and struggling small businesses. While the ASX continues to signal growth and recovery for big companies, many SMEs face rising costs, longer payment times, and increasing insolvencies. At Debtor Protect, we’ve observed these trends firsthand, and our client surveys reveal
5 Strategies to Ensure Your Small Business Customers Pay You on Time
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
Our Perspective on the Rise of Insolvencies
In the recent article here on the challenges facing small Australian businesses, it highlights the growing insolvency rates and the “unfair playing field” where large businesses thrive while SMEs struggle. At Debtor Protect, we often encounter these concerns firsthand as credit insurance brokers, and we believe there are critical steps that small businesses can take
How Bad Debt Protection Can Save Your Construction Business
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
Simple strategies to help get paid by your SME customers
Annual business insolvencies surged past 11,000 in the 2024 FY. Further pain is continued, and at the centre is Australian SME’s. Based on our surveyed clients, payment delays continue to grow. Here’s 5 easy tips your business can implement to make sure you get paid on time. As tax debt grows, the cost and access
What is Bad Debt Protection?
In the dynamic world of business ownership and management, maintaining a stable cash flow can often be a significant source of stress. The solvency of your clients is crucial, and any disruption in their ability to pay can have dire consequences for your business. This is where bad debt protection comes into play, offering a
Give Your Business a Competitive Edge
Covering Credit Accounts for New Customers in Australia and Overseas In today’s competitive business landscape, extending credit to customers can be a powerful strategy for growth. However, it also comes with inherent risks, especially when dealing with large sums or international markets. At Debtor Protect, we specialise in mitigating these risks through tailored credit insurance
Debt Protection in a High-Risk Sector
In the world of Australian financial services, credit insurance emerges as a pivotal tool, especially within the high-risk construction industry. With the construction sector accounting for over 30% of insolvencies nationally, the strategic management of debt and credit risks is imperative. At Debtor Protect, we specialise in protecting businesses against these risks through comprehensive credit
Rising Insolvencies: Protect Your Business
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
Protect Your Business with Legal Expenses Insurance Sydney
Protect Your Business with Legal Expenses Insurance Sydney Legal Expenses Insurance, offered by ARAG, has been a trusted solution globally for decades, and now it’s available right here in Australia through Debtor Protect. This invaluable product provides a safety net, ensuring that you have the means to engage solicitors and defend your legal rights when
Legal Expenses Insurance – Levelling the Playing Field
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
The Benefits of Bad Debt Protection
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
Insolvencies Increase to Dangerous Levels
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.
Trade Credit Insurance Australia: Securing Your Business with Debtor Protect
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
Insure Your Business Against Bad Debts with Debtor Protect
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
Shield Your Business From Financial Ruin: the Power of Bad Debt Protection
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
How Trade Credit Insurance Can Shield Your Business from Debt Risks
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,
Contact us today to explore our comprehensive credit insurance solutions
Don’t leave your business exposed to payment risks. Act now and enquire about our tailored credit insurance options.
