Third-party liability insurance plays a critical role in protecting individuals and businesses from having to pay out of pocket when they’re legally responsible for causing harm or damage to others. In the event of an accident, the third party’s insurer is expected to cover the costs. But in many cases,…
Overdue invoices have long been a major issue for businesses across Australia. Around 74% of Aussie small enterprises experience problems with late payments, with the construction industry affected the most. Many companies are forced to handle debt recovery independently, taking precious time and resources that could’ve been otherwise spent on…
In Australia, the end of financial year (EOFY) on June 30 marks a pivotal time for businesses to finalise their financial records and lodge tax returns. It also provides companies with a valuable opportunity to assess their financial health over the past year. Businesses seeking debt collection also use this…