Debt insurance

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:25AM in AAT student discussion
Trying to revise insuring against non-payment of debts. Does anyone have any info/advice?

Thanks, Jackie

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Debt insurance

    Hi Jackie.

    The only thing i can think of - is it cost effective?

    i.e. what are the insurance payments against possible bad debts.

    Scott.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Debt insurance

    Never even thought of it from that angle!

    Jackie
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Debt insurance

    Hi Jackie

    main points to remember about debt insurance is that it is expensive to take out but allows the organisation to retain control over its sales ledger (c.f. factoring)
    hope this helps

    regards
    Nicky :)
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Debt insurance

    Thanks Nicky, I work in a school, so its not something I have ever come across.

    Jackie

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