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Category: News

Trade credit claims mount as UK tops global insolvency forecasts

Atradius are not the only organisation reporting figures of this nature. The real question must be what impact will Brexit have, in whatever disguise this is finely agreed upon, on these numbers? These are challenging times and without doubt it is time of considerable uncertainty. You can find the full article here. TL Dallas is a […]

Brexit Travel Guidance

With so much uncertainty around Brexit we wanted to provide you with some guidance around potential travel issues and I’m happy to share this Brexit travel guidance document from our insurance partners Chubb to assist. We hope this information will inform you on potential issues that may face business travellers. Of course, if you have any specific […]

Charity Gospel Concert Raises Over £4,426

Last Friday’s Charity Gospel Concert raised a fantastic £2,213.42! This fund will be matched by TL Dallas meaning the charities – Alzheimer Scotland – Shetland MRI Scanner Appeal – Mind Your Head– will receive donations of around £1,475 each. Thank you to all involved for your wonderful generosity and of course the performers – North […]

TL Dallas Group sponsors Bradford City Football Club New Year’s Day fixture

TL Dallas Group has a long standing partnership with Bradford City Football Club so it was fantastic to kick off our centenary year celebrations by sponsoring the New Year’s Day fixture against Accrington Stanley. TL Dallas staff and families, along with some clients, enjoyed a great day out in the TL Dallas Stand with a 3 – […]

The importance of credit risk protection

This article recently published in Construction Enquirer highlights the impact that bad debts and insolvencies can have on suppliers.
Proline, reported to be owed vast sums, have placed the business into administration – highlighting the need for credit risk protection.

Trade credit insurers pay out a record £1 million a day to help UK firms stay afloat

Whatever you hear about Credit Insurance underwriters reducing risk exposure, the reality is that exposure has increased significantly over the last decade and the other side of this can be seen in the claims now being paid. An interesting article as this represents the collective experience which is the reality of what all in the industry are experiencing right now. Not a time for the feint hearted!

Interserve shares dive on rising concerns over future

More rather bleak news on the BBC yesterday, lets hope that some more positive outcomes result from the ongoing Brexit negotiations that will bring some sensibility and clarity that is so very important, at this point in time.

Read the BBC’s article

Travel tips

If you’re escaping for some Winter sun or planning a trip next year, here are five useful things to remember …

1. Always buy the right cover for you

Don’t just look at the price of travel insurance. Make sure you buy cover that has all the protection you’ll need – such as covering any activities you might be doing, or any medical conditions you have. If you don’t, and something goes wrong, you might end up having to shoulder the cost. The Foreign & Commonwealth Office has some helpful advice about choosing the right cover here.

No place like home – keeping art properly protected on the move

When a piece of art is static and in its regular ‘home’ – whether that’s a painting on a wall or sculpture on a plinth, it is usually well protected and unlikely to get damaged. It’s when clients need to move their art – either to a different home, overseas or to an exhibition or museum – we see increased risk to these valuable pieces.

When people think about threats to artwork, front of mind is usually theft and fire, but it’s more mundane risks like moving art when we see the most damage, and these claims are often the most challenging.

Avoiding Trade Credit Fraud

It can be difficult to identify a potential fraud but there are some warning signs to look out for that can assist in avoiding and certainly reducing the negative impact this can have on a business.

Losses due to fraud are not generally covered by Credit Insurance policies meaning your Insurer is not liable for this loss. However, there are some exceptional cases where we know underwriters have accepted liability, so having a policy may have added benefits!

Pensions – Get the date right and stay on target

Most over-45s are not making plans to match their hopes for the future, according to recent research *.

The vast majority (86%) of those aged 45 or over are already dreaming about escaping their working life for retirement, but only 8% of the same age group have recently checked the retirement date on their pension plans to make sure they are still in line with their plans.

What Keeps Directors Awake at Night?

Earlier this year, we partnered with Brodies LLP to discuss ‘What Keeps Directors Awake at Night?’ examining the roles, responsibilities and potential liabilities which face directors and senior staff in today’s ever-changing business environment.
Topics covered included:

“Mackenzie, Susan, Rob and the team in Bradford did a truly brilliant job in a recent business interruption claim for us. The loss adjusters dragged the process out for over 18 months expecting us to give up, but TL Dallas’s persistence, expertise and humour finally achieved the result we were looking for. This kind of service is a real rarity these days.”
Robert Procope, The Bath House - Banya London
"Caledonia Dallas has been an invaluable partner in managing our complex insurance needs. Their team consistently demonstrates deep industry knowledge and exceptional attention to detail. They work seamlessly with our business, ensuring comprehensive coverage tailored to our specific requirements. We have full confidence in their expertise and are reassured by the level of dedication they bring to safeguarding our operations."
Montrose Port Authority
“TL Dallas has provided trade credit insurance for the last 10 years, which has bought great peace of mind, whilst supporting the company’s growth. The TL Dallas team ensures that ACS can secure credit insurance cover for new and existing customers, as well as giving the best advice on slow payers and claims. They have recently helped with an appeal regarding the payment of a claim, helping with cash flow. The pride they take in their work is truly inspiring going above and beyond. Thank you for everything you have done and continue to do for ACS."
Leanne CleghornACS Technology Group Ltd
“We have dealt with TL Dallas for many years and have always found the staff to be very helpful and professional in all that they do. They are able to provide specialist knowledge and a bespoke service tailored to our specific needs, and the fact that they have an office on Shetland is a huge positive.”
Gary SpenceLHD Ltd - Lerwick
“I have been most impressed by the customer service from TL Dallas when a problem was discovered in the bathroom of a property which I own, and which is rented out. They were very patient when personal issues caused a delay in a quote coming to them and again when there was a delay with the invoice. We also couldn't be more delighted with the swift payment of our claim by the claims handling team at Aviva.”
“Just a brief note to say how grateful I am for all your help sorting out the hotel policy this year. Over the years I have valued your cooperation in getting not only the most appropriate cover but at the best price.”
“I immediately recommended TL Dallas given the experience and the excellent service levels we have enjoyed at our company.”
“Three generations of Whitby Morrison have worked with TL Dallas for insurance needs. The support and service received just gets better year on year. The team are always on hand to offer guidance and advice whilst scouring the market for the perfect balance between price and product.”
“As a business we have worked with several members of the TL Dallas team, and yet it always feels like you’re dealing with the same person. The transition is always seamless, and their customer knowledge is second to none. As a client, you really do matter to them.”
"Whether you’re an established business, just starting out, publicly or privately owned, TL Dallas will take care of your every need, product, and price.”
Ed Whitby
“I just wanted to say once again how impressed I always am with your team – no matter who I speak to – and I think that’s very special. Your team are always excellent with their service and we always tell as many people as possible about you! I just wanted to pass this on, as you are clearly doing something very right and have been for a long time!”
“Thank you for your excellent service over the years.”
“Thank you so much for all your help and ongoing advice. It is so good to have someone advising us who is local and has so much understanding, not only of the business, but all the other influencing factors, as well and who totally understands what our business needs.”
Mary SharpShetland Control Systems Ltd
“TL Dallas has offered us consistent, transparent, and clear advice over the years. A trusting partnership was established from day one and we feel assured that we have value for money alongside the cover we need, which in turn gives us peace of mind.”
James RycroftManaging Director, Vida Healthcare.
We have been dealing with TL Dallas for over 30 years and have always found them to be efficient. They have created insurance policies that are tailored to our needs, which has helped us evolve the company. Like every business, you only find out how good an insurance company is when you need to make a claim. This has been effortless when this has occurred and I strongly recommend TL Dallas for your insurance needs.
Peter DurkinManaging Director, Mini Gears (Stockport) Ltd
We are so grateful that you helped to resolve a situation that was causing us great concern. After being badly let down by our previous insurance provider, and after seven months of emails, phone calls and lost documents, we decided to try elsewhere. After only one week of contacting TL Dallas, we had our policy sorted and at a much lower price, which in this current economic climate makes a huge difference to us. Your professionalism and knowledge of the Social Care Sector is second to none and we are so pleased that we took the decision to move to TL Dallas. We will definitely be recommending TL Dallas to our colleagues within the care sector, and we look forward to a long and enduring working relationship as we move our business forward.
Phoenix Day Care CICAdult day care provider
“Second to none service from this company. Always sourcing the best prices for us and helping us to procure the best insurances to suit the needs of our company. Extremely professional and helpful staff. We wouldn’t hesitate to recommend them.”
Simon Kelman Plumbing & Heating Ltd
"Caledonia Dallas have delivered outstanding service to us since day one of trading in our new business. Local people who understand the totally unique way of operating business in the Highlands & Islands. I would highly recommend Paul and all his team to anyone!"
BDL Tyres Ltd
“We have dealt with Michael now for the past 10 years and during that time, he has taken the time to learn about all aspects of our business and provided his knowledge and advice along the way, thus enabling us to concentrate more on what we do best. As we have expanded and grown over that time into the successful company we are today, it’s great for us to have Michael there on the other end of a phone (day or night) always available to offer valuable advice.”
Loch Shiel Garage 2010 Ltd
“Michael has serviced our Insurance needs for over 20yrs now, it’s great for us to be able to have a local contact who is only a short distance from us. He has provided excellent advice and a first class service in respect of the insurance needs of our company and we would have no hesitation in recommending Caledonia Dallas to others.”
Lochleven Shellfish (Scotland) Ltd