The current business environment and impacts of COVID-19 are providing various challenges to business communities around the world.
It is anticipated by many economists that, despite the efforts of governments to support their business communities and individuals, there will still be significant fallout relating to trade credit risks into the future.Read More
Q1 tracking well, until COVID-19…Read More
The impact of Coronavirus is having a profound impact on our global community.
The extraordinary events are affecting us all – including national and international trade. We want to assure you that NCI is committed to working with you to help you get through these difficult and challenging times and mitigate to the obvious economic consequences.
There are steps you can take to help better manage risk and navigate through this period of uncertainty. We want to share these with you and also some general measures that have been introduced to support you in managing the impact of COVID-19 on your business and your commercial relationship with your customers.Read More
With over 7,700 cases of the coronavirus confirmed by Chinese health authorities at the end of January, quarantine areas being put in place, and borders being closed, the social and humanitarian implications of the outbreak are, rightfully, to the front of the world’s thinking. However, with the focus of the outbreak being one of the world’s largest manufacturing territories, there will certainly be secondary concerns relating to its impact on supply chains and the ability of businesses to meet their own performance obligations. In this regard, increasing attention is being directed to the relevance and application of ‘force majeure’ clauses in business contracts.Read More
There is a buzz at NCI as we enter our 35th year. Since 1985, we have grown to over 190 staff, operate in 4 countries and support more than 3,500 clients. Thank you so much for your support and partnership.Read More
A Welcome Reprieve in Claim NumbersRead More
I am pleased to announce that during October, we opened our 10th office and 1st in Malaysia. With a very capable team we are looking forward to expanding our reach in the region. We are excited about this move and the developments it could bring in the future. If you have any subsidiaries or cover requirements in Malaysia, be sure to ask NCI for support in the region.Read More
The unexpected loss of a key person could seriously impact both short-term profits and long-term business survival. That’s why Keyperson insurance is essential protection for the value you’ve worked so hard to build.
We’ve all heard it said that a business’s most valuable assets walk out the door every night. But, while every employee makes a valuable contribution to your business, the reality is that most businesses rely on just a few high performers and key decision-makers to win new business and deliver the high-quality service your customers expect.Read More
Economy Woes Keeps Index Score HighRead More
We advised in February of the Government’s intention to increase the ATO tax debt reporting threshold from $10,000 to $100,000 if the debt owed to the ATO was overdue by 90 days or more and there were no on-going discussions regarding its payment.
Since then, a Bill has been introduced in Parliament to this effect, with the policy expected to net at least $30 million over the forward estimates through clawing back unpaid tax debts.Read More
Trade credit insurance is the ultimate protection against bad debts, where you have your debtors insured against the risk of insolvency, protracted default or political events.
Extends from full credit approval to monitoring, reporting services and tailored outsourced credit management. CRM is there to assist you in...
Good credit management should ensure that customers pay on time, we understand that this is not always the case and not everyone has a trained and dedicated credit manager.
Over the years we realised that while our core product was insurance broking, our business was actually about protecting the profitability of our clients.