Deciding if trade credit insurance (TCI) is right for your business doesn’t have to be complicated. By asking a few key questions, you can determine whether it’s a smart move for your financial stability and growth. Let’s break it down. 1. How reliant are you on customer payments? If your cash flow depends heavily on […]
Trade Credit insurance isn’t your typical insurance. It’s not just about keeping your business safe; it’s also about helping it grow. In this video, we’ll show you five simple ways to make sure your credit insurance policy is actually working for you. https://www.youtube.com/watch?v=Td2Ha-QS0Fc&t=5s Get in touch with us today! Request a Quote Facebook Linkedin Youtube
Looking at October FY25 insolvencies, we’re seeing another big jump in businesses entering into administration for the first time. 1,361 insolvencies in total, which is up from 1,227 last month in Sept and 907 for the same month in FY24—that’s a 50% increase. When you compare it to the average of 566.5 over the last […]
This isn’t an exhaustive list, but here are the top five industries that get the most out of trade credit insurance: 1. Construction (obviously) Number 1 in Australia for the most policies and claims is the construction game. And it’s not just about protecting yourself—credit insurance helps building and construction businesses grow. It gives you […]
Case Study: Quasar Constructions In the unpredictable world of construction, financial stability can be as fragile as the buildings you’re working on. Quasar Constructions demonstrated this when they went into administration, owing over $60 million with only $6 million in assets. But here’s the twist: their downfall nearly sent a number of their suppliers into […]
🚧 Eight construction firms are collapsing daily in Australia🚧 Most recent monthly first time administration stats from ASIC continue to tell a rather bleak story. An average of eight construction companies are collapsing each day, with a total of over 7,000 having collapsed since 2021. This highlights the urgent need for businesses to safeguard themselves […]
Trade credit insurance is a valuable tool for businesses, yet many misconceptions surround it. Let’s clear up the top five myths: Myth 1: Trade Credit Insurance is Only for Large Companies Reality: Trade credit insurance is beneficial for businesses of all sizes. Small and medium-sized enterprises (SMEs) can benefit greatly from the protection against non-payment. This […]
When it comes to trade credit insurance (TCI), several unique aspects set it apart from other types of insurance. While TCI shares familiar elements that most business owners know and understand, such as a premium, an excess, and an indemnity, that’s often where the similarities end. The features that differentiate TCI can sometimes leave potential […]
Why might trade credit insurance not be right for you? The main factor that might exclude you as a potential candidate for TCI is uniformly low exposures. With standard credit insurance excesses of $5,000 (though they can be as low as $2,500), if your clients typically trade no higher than $10,000 or $15,000 at any […]
At Capital Trade Credit Solutions, we like data and the occasional graph. Last week, ASIC released new statistics on ‘first-time administrations.’ Key Takeaway: Insolvencies have not only rebounded to pre-COVID levels over the past 12 months but are continuing to rise, significantly impacting the construction industry more than any other. No surprises there. In July 2020, there […]
