credit insurance

Entrepreneurship is about taking risks. Risk of success, but also of failure. Which way things go, you may be able to estimate broadly, but failure can always suddenly be just around the corner. Therefore, to ensure the continuity of your business, your risks need to be properly calculated. In particular, the creditworthiness of buyers is an important consideration, Coen Blazer, credit analyst at Xolv, explains in this article.

No doubt you have had them at the table before, the insurance agents who walk into your office with a folder full of policies. They try to sell you separate products. From fire insurance to legal expenses insurance and everything in between. But why seek treatment for an ailment for which there is very little chance that you will ever get it? So our advice is: consult your GP first and only then go to the specialist.

Is your supplier getting insufficient limit on one of your buyers? No stress! There are several ways to still cover your risks in the best possible way, so that you can do business carefree. Below, we list six ways.

In practice, it appears that Dutch entrepreneurs are often not or not sufficiently aware of the consequences of a bankruptcy pauliana when delivering to Germany. The German trustee can reclaim already paid turnover under the so-called ' Insolvenzanfechtung '.

It will not be the first time that a company collapses in the months when it pays holiday pay and remits payroll tax on it. The cash deficit has then grown too far, partly due to non-paying customers. How can you arm yourself?

It may happen that your supplier does not get coverage on your business and asks you to pay for the delivery in advance. However, you want to keep your working capital available to conduct other business. What specifically is possible in this situation?

If a German trustee reclaims payments, it will hereby indicate that it is annulling the payments under the so-called "Insolvenzanfechtung". This is called a bankruptcy pauliana in Dutch. Dutch entrepreneurs are often unfamiliar with this.

Every business owner experiences it from time to time. The debtor has a complaint about the price or quality of the product or service, and does not pay the invoice. In practice, it is often a source of annoyance, partly because procedures in this regard are not well established and it is not clear who is responsible for what.

The accounting rules introduced in 2018 under IFRS 9 aim, among other things, for companies to reflect their debtor risks in the balance sheet more accurately and transparently than ever before. To achieve this, companies have had to move from an 'actual incurred loss' model to the 'expected loss' model. Quite a challenge!