With a rise in the number of businesses collapsing, construction companies need to be aware of how to protect themselves against risks.
According to UK Government data, construction firms in England and Wales topped the list of industries that experienced the highest number of insolvencies in the 12 months ending 30 September 2023.
The number of business insolvencies is on track to be the highest since the financial crisis in 2009. Trade credit insurance can help your company trade confidently, ensuring you get paid if your customers become insolvent while owing you money.
Trade credit insurance the benefits
We recommend trade credit insurance for any business dealing on credit terms. Its particularly useful for construction businesses …
Read the full article at: https://www.marsh.com/uk/services/trade-credit/insights/protect-construction-business-from-insolvencies.html