Asset protection

Debtor insurance provides you with cover for one of the most complex areas of your business - your trade debtors.

Even the most disciplined debtor management cannot prevent occasional bad debts, therefore any business that provides products and services on credit terms should consider this cover, especially if these invoices have been factored. Most businesses insure their property, their plant and equipment and yet they don't insure their debtor ledger, which is often the largest business asset.

The cost of a bad debt needs to be counted as much more than simply the loss of money you were due to receive. The truth is you can never make up for the cost of a bad debt. The impact is immediate; it can put stress on cash flow and will certainly damage your profitability. Ask yourself now, what would be the consequences of one of your largest customers failing to pay you?

Through our selected list of debtor insurance providers, Quest can lower the risk of doing business and help avoid unnecessary debtor loss with this product. For a small premium you can ensure this asset and substantially lower your business risk.

To find out more call us on 1300 311 411