Body blow for the sector or a short-term crisis? While working capital experts remain split on the long-term impact of the COVID crisis, there’s one thing we can all agree on: that lenders are under pressure to adapt to the new world, fast.
Compulsory insurance isn’t a new concept. In the UK, drivers have been obliged to take out motor insurance since 1930, while companies require employers liability insurance to cover workplace accidents. Given the massive risks that businesses face in 2020, should trade credit insurance (TCI) also be made mandatory?
46% of UK invoices are paid late; a major problem for businesses of all sizes and the reason Trade Credit Insurance (TCI) has surged in popularity in recent years.