Putting paid to late payers.
Non-payment can be enough to force a small company out of business and with this in mind, the Association of British Insurers is promoting credit insurance. Changes in business practice mean there is an expanding market for this type of cover, however, take-up is slow. Simon Threadgold reports.
As any small business will testify, it is only a matter of timebefore you are landed with a bad debt. Getting money out of some customers
is a long and wearisome process. In some cases, it proves
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