One of a business's biggest assets is their debtor's ledger. Yet, a growing number of business owners don't know the credit worthiness of their clients. A new client comes in and places a large order and everybody gets excited. But can they pay you for it??
Many business owners have lost everything due to clients going bust and not being able to pay for the goods supplied or work done for them. In today's business climate, it is not rare to see a client with one or two major clients making up to 80% if not more of the money owed to them. What happens if a major debtor becomes insolvent and can't pay. In one example that we are aware of, the business owner had to enter liquidation, losing the business, and in fact, due to supplier guarantees, had to enter personal bankruptcy as well.
Most people don't know there is insurance to cover them, and a credit team who can let them know
BEFORE they give credit to a customer whether or not they can pay for it.
At Aussie, we work with Australia's largest insurance specialists to provide this service to our clients to help future-proof their businesses.
