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Risky Business

September 2012

People On Hand
Hi 

Welcome to this month's edition of "Risky Business".  

 

This month we focus on Insuring against Bad Debts and the benefits of having Trade Credit Insurance  

 

Please read below for details.   

 

  Insurance News 

Bad Debt
Insuring against Bad Debts

 

How do you get cover for bad debts? Trade Credit Insurance  is the solution. CPR Insurance Services can provide Trade Credit Insurance solutions for you. We can provide a range of domestic and export policies that can be tailored to suit a business and their risk management needs whether they are a local, regional or global company.

   

 


If a registered business is selling its goods and services on credit terms (e.g. offering 30 days to pay) then it is vulnerable to bad debts and should consider the protection of a trade credit policy. Benefits of  Trade Credit Insurance include: 

  • lost working capital is quickly replaced
  • policies can be assigned to a financier to increase borrowing capacity
  • our Insurers have an international information network that helps provide an early warning of potential payment difficulties
  • policy holders are provided with a range of credit management tools to improve cash flow

If a business sells goods and services on credit terms, a substantial percentage of their working capital is probably tied up as money owed from their customers. Trade Credit Insurance protects against these assets becoming bad debts.

 

If you have a turnover of at least $1,000,000 then this is a policy that will suit you if you are dependent on cash flow. Don't let doing business stop because you fear bad debts. Get Trade Credit Insurance.  

 

  Joke of the Month 

Dentist
Life's Lessons 

 

Have you been guilty of looking at others your own age and thinking... surely I cannot look that old?  
 
You may enjoy this short story which could be true!!!!!!

While waiting for my first appointment in the reception room of a new dentist, I noticed his certificate, which bore his full name. Suddenly, I remembered that a tall, handsome boy with the same name had been in my high school class some 30 years ago.

Upon seeing him, however, I quickly discarded any such thought. This balding, grey-haired man with the deeply lined face was way too old to have been my classmate.  After he had examined my teeth, I asked him if he had attended the local high school. 

"Yes," he replied. 

"When did you graduate?" I asked. 

He answered, "In 1971. Why?" 

"You were in my class!" I exclaimed. 

He looked at me closely and then asked, "What subject did you teach?"

 

 

 

 

See you next month.

Regards,
 
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NAS Broker  
Receptionist

 

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