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Agency Bust - Credit Insurance

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    Agency Bust - Credit Insurance

    Hi,

    There's a very good chance that some agencies may go under during the next few years as the crunch bites and revenues dry up.

    My agency pays me about 5 weeks in arrears therefore if they go bust I'll have to wait in line as an unsecured creditor for 5 weeks money.

    Has anyone got any info or have any current credit insurance that is competitive for small LTD companies.

    I looked at a few places but they were going to charge me between 3-5% of my Ltd company turnover.

    That's a bit more than I'd be willing to pay for peace of mind.

    #2
    Speak to the PCG.

    Next!!
    Older and ...well, just older!!

    Comment


      #3
      Originally posted by ratewhore View Post
      Speak to the PCG.

      Next!!
      Where did you get that avatar from?
      If your company is the best place to work in, for a mere £500 p/d, you can advertise here.

      Comment


        #4
        To add some detail to the above reply:

        The PCG (www.pcg.org.uk) offer "PCG plus" membership, one of the many benefits of this is up to £5,000 of cover if your agency or direct client goes bust.

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          #5
          5 weeks in arrears seems a long time. I get paid (money in account) on Thursday for previous week. Provided I get timesheets authorized by Tuesday night.

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