Debt Insurance
You don’t think twice when taking out insurance cover for such business assets as premises, stock, plant and equipment and vehicles. You have the peace of mind of knowing that if an event occurred such as a fire or accident then you could fall back on your insurance policy.
So why is it that very few businesses insure debtors? Debtors are very important assets of a business and what’s more you’ll accept that some time or other that it is inevitable that you will suffer from a bad debt. But consider the following – what if it's your main debtor that goes bust? And what if you have just a handful of customers and one of them fails?
Ask yourself the questions above and what the impact would be on your business? We have seen many businesses fold because they have suffered a bad debt.
So why don’t you consider insuring your debtors?
Many client’s have claimed in the past that the cost of such cover is expensive. Well we think that we have found someone who will offer debtor cover at an affordable premium.
Can you afford not to seek a quote? Check out the facts...
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Contact Graham Richmond