The owner of an Australian fencing company has shared his frustration on social media after suffering a $100,000 loss. AH Fencing director Adam Hall posted a video explaining how his need for work and his acceptance of late payments landed him with a $100,000 loss when his client’s business collapsed. Hall admits it was a hard lesson to learn but now he knows to stop work as soon as a payment is missed and has discovered trade credit insurance can protect his business against these type of losses.
Don’t let this happen to your business. Find out if trade credit insurance/receivables insurance is a tool for your business. Ask a RIAC member.
