Agency Bust - Credit Insurance - Contractor UK Bulletin Board

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BrilloPad replied

12 February 2009, 08:18
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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Archangel replied

12 February 2009, 07:44
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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pmeswani replied

11 February 2009, 16:18
Originally posted by ratewhore View Post

Speak to the PCG.

Next!!

Where did you get that avatar from?
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ratewhore replied

11 February 2009, 16:07
Speak to the PCG.

Next!!
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silverlight1 started a topic Agency Bust - Credit Insurance

11 February 2009, 14:53
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.
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