Debtors & Defaulters. How to Limit the Damage!
09-06-2020
Your company is growing and you have substantially increased your clients and customers. It goes without saying that there are defaulters among them. Very annoying, but is it avoidable?
Frustrating, time-consuming, bad for contact with the clients and suppliers and damaging to your cash flow. How do you avoid this? Or at least limit the damage? Insight in the financial situation of your clients helps. But what also helps is the expertise of an outside party. It will help you sleep better at night
What we have, we do not want to lose. And because every human is afraid of losing something, we invented insurances. We make sure that we insure our possession and our travels in our personal lives, and our building in our business life. What about insuring our credit? Oddly enough, that is nowadays not a option for entrepreneurs . Which is crazy if you consider that when one of your clients goes bankrupt, then the damage is substantial. Dozens times more than a stolen car. Now for the good news: you can insure your company for this risk.