Episode 38: Navigating economic challenges: late payments, contract risks and insurance strategies

In this episode, Maxine Bligh, Chief Membership & Innovation Officer steps in for Neil Carberry to talk to Peter Stoll from REC business partner Marsh Commercial. They discuss whether the economic climate is leading to clients' late payment of invoices and the potential risk of bad debts. In this episode we discuss: Are clients imposing more stringent terms due to factors like IR35, cyber risks, liability, and professional indemnity concerns? Are businesses encountering heightened risks due to Statement of Works contracts? How businesses can leverage insurance as a tool to protect against uncertainties in client engagements and contractual obligations.