Could an unpaid debt kill your business?
Carillion, Maplins, Toys ‘R’ Us, Prezzo and on and on. All of these companies have gone down the pan leaving their suppliers with unpaid invoices. Certainly, in the case of Carillion, businesses have been so badly affected that some have had to close completely, others hit so hard that people have lost their jobs.
It is possible to insure against these risks but as with any other form of insurance, you do need to do this before the event.
Please ask for our advice.