Monthly Archives: March 2020

With the present economic turmoil caused by the Corona Virus and fall in commodity prices many companies, also large and reputable ones, might come into serious financial difficulties without giving warning signs and within a short time frame. Airlines, Hotels, Retailers and the Entertainment Industry are only some examples which are obvious for everybody – many other companies in other industries might not be on everybody’s radar screen yet. One mitigation strategy to avoid bad debt but still keeping competitive by selling on open account is to have a Trade Credit Insurance in place. What is a trade credit insurance? A Trade Credit Insurance protects your business from bad debts as it insures your accounts receivable and protects your business from unpaid invoices caused by…

PT PRIME Consultancy is offering a general risk assessment check for your company and the potential impact of identified risks to your Financials and Liquidity. We also work together with insurance experts which can identify gaps in your insurance coverage as part of the risk identification process. If factories or parts of the production line or offices have to be closed, suppliers cannot deliver or buyers cancel orders it can have a devastating effect on the companies Financials and liquidity situation. Please contact us for risk assessment inquiries: info@prime-consultancy.com. The following brief overview gives an idea which insurances might give you some protection - which you might have already: 1. Business Interruption & Contingent Business Interruption Coverage 2. Commercial General Liability, Directors & Officers, and…