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The collapse of high profile fashion labels Marcs and David Lawrence can be used by brokers as a way to drive client interest in trade credit cover.
The two brands, with debts close to $30 million, announced that they had moved into voluntary administration yesterday with 1,200 workers in Australia and New Zealand facing an uncertain future.
Mark Hoppe, managing director of the Australian branch of Atradius, said that brokers should use the cautionary tale of Marcs and David Lawrence to help clients understand the risks they face.
Even though it might not be their industry, nearly every business has got a large exposure on their books who they are not worried about because they know their name and they have dealt w…
Read the full article at: http://www.insurancebusinessonline.com.au/au/news/breaking-news/business-collapse-shows-importance-of-trade-credit-cover-230693.aspx