by Tate Parker | May 29, 2018 | Business Owners/CFOs, Business Owners/CFOs
If your largest customer filed bankruptcy, what would it do to your business? Force YOU into bankruptcy? Drain your profits for the year? Keep you from paying your suppliers or making payroll? Make you take on debt to stay afloat? Hear a quick story about my client...
by Tate Parker | Jan 3, 2018 | Business Owners/CFOs
I had a problem. One of my clients had requested insurance coverage on a key customer and after looking at the financial situation, the request was refused. It seems the company wasn’t doing well financially and had become too risky. My problem was that I...
by Tate Parker | Nov 2, 2017 | Business Owners/CFOs
My last article described several reasons why businesses owners and financial managers overlook the risk of getting paid. In Part 2, I’ll describe two ways that credit insurance helps a business better manage their risk. Increase operating efficiency Many times,...
by Tate Parker | Oct 6, 2017 | Business Owners/CFOs
“We’ve collectively lost sight of what insurance actually is: a way to protect yourself against a possible future outcome. Some of the people who buy the insurance will eventually be affected by that outcome. Others never will be. But since none of us can...
by Tate Parker | Jul 7, 2017 | Credit insurance basics
Sales Concentrations and Large Customer Payment Risk Take a second and think of the name of your largest customer. Now, think about how much that customer owes you. Do you have the figure in mind? Next, imagine that your next call or email tells you that this customer...
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