It Makes Sense to Insure Against Bad Debt

Latest news

 

A bad debt is simply a debt that can't be recovered. Money owed is one of the largest assets of a business yet it's often not insured. Ask yourself:

  • What will happen if your largest client doesn't pay you?
  • When did you last review the credit worthiness of your top 20 risks?
  • How do you assess a new or potential client in terms of credit? 
  • How do you monitor your debtor's credit risk factors?
  • What do you do when an account becomes overdue?     

Trade Credit insurance can protect against a debtor defaulting or becoming insolvent.

Talk to your local Phoenix Insurance Broker today about Trade Credit insurance options for your business. 

 

Category: Latest news