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FAQs About Trade Credit Insurance – What Every Business Owner Needs to Know
Running a business means taking on a fair amount of risk, especially when offering goods or services on credit. One major concern? The possibility that your clients won’t pay. That’s where Trade Credit Insurance comes in. If you’ve heard of it but aren’t quite sure how it works—or whether it’s right for your business—this FAQ
What Happens If Your Biggest Customer Goes Bankrupt?
For many businesses, having a key client that provides a significant portion of revenue can be a double-edged sword. While these customers can drive growth and stability, they also pose a substantial risk—especially if they suddenly go bankrupt. If your largest client collapses, the impact on your business can be immediate and severe, potentially leading
The Role of a Credit Insurance Broker & How Debtor Protect Can Help
Managing cash flow and protecting your business from bad debt is more challenging than ever. At Debtor Protect, we understand the risks businesses face and provide tailored credit insurance solutions to safeguard your financial stability. Our experienced team is dedicated to helping businesses secure their cash flow, mitigate credit risks, and ensure smooth operations, no
Top 7 Tips for Managing Business Cash Flow
Cash flow is the lifeblood of any business. Even profitable businesses can struggle if they don’t manage their cash flow effectively. Ensuring money flows in and out of your business smoothly is key to paying suppliers, covering operational costs, and planning for growth. At Debtor Protect, we specialise in helping businesses protect their cash flow
10 Ways to Reduce Bad Debt in Your Business
How Small Businesses Can Reduce the Risk of Bad Debt Managing cash flow is one of the biggest challenges for small businesses, and bad debt can put serious strain on your finances. When customers delay or fail to pay, it impacts your ability to cover expenses, pay suppliers, and invest in growth. At Debtor Protect,
Why Fast Claims Processing Matters in Trade Credit Insurance
At Debtor Protect, we go beyond simply offering credit insurance—we ensure that when you need it most, your claims are processed quickly and efficiently. In today’s economic climate, where insolvencies are at record highs, having a policy with a proactive broker and a responsive insurer makes all the difference. The Rising Risk of Insolvencies According
Illegal Phoenix Activity – How to Spot the Warning Signs
A 2018 ATO report found that illegal phoenix activity was costing the Australian economy up to $5.1 billion annually. ASIC estimate that bad debts for Aussie suppliers and businesses made up over $3.4 billion of this amount.
Make Debt Protection Your New Year’s Resolution for 2025
As we welcome 2025, many business owners are reflecting on the past year and setting goals for the future. While common New Year’s resolutions often focus on personal growth, like improving health or saving money, this year, why not prioritise your business’s financial wellbeing? Making debt protection your New Year’s resolution could be the smartest
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
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Don’t leave your business exposed to payment risks. Act now and enquire about our tailored credit insurance options.
