At the start of 2023, Gallagher hosted a Made Masterclass for Made in Group members, which was titled "How to Protect Your Unpaid Invoices". In this article, we are looking at the part of the presentation which detailed what is trade credit insurance and who buys trade credit insurance.
Through this event , Gallagher wanted to take the manufacturing leaders within Made in Group through what you can do to mitigate the threat of delayed and unpaid invoices.
A longstanding patron of Made in the Midlands, Gallagher and are a global business insurance, risk management and consulting services company; with Gallagher in the UK being specialists in manufacturing companies.
This event was hosted by Gallagher's Oliver Priest, who is an experienced Business Development Executive with a demonstrated history of working in the insurance industry. Oliver discussed to attendees how Trade Credit Insurance can mitigate threats by enhancing credit control procedures, as well as how businesses can achieve growth in these challenging times. Rising insolvency rates, coupled with a challenging economic environment is causing the ‘perfect storm’ resulting in detrimental loss for some businesses. In response to these economic challenges, you can protect your business from trade debts through utilising Trade Credit Insurance, a solution all manufacturing leaders should be aware of.
Watch the short clip embedded below, or watch full presentation back on Made U. Made U - short for Made University - is a collection of best practice talks and presentations from other members within the membership which share information on marketing, business operations, industry 4.0, decarbonisation, and more!