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How to tackle late and non-payments

February 7 @ 12:30 - 13:30

In today’s climate, marred by surging inflation, a cost-of-living crisis and energy price hikes, late and non-payments are a growing threat to freelancers and small business owners. A survey ran earlier this year by Markel Direct revealed that 22% of freelancers and small businesses had experienced an increase in late or non-payments.

Nearly half of those surveyed had payments owed to them that were more than 15 days overdue while 13% didn’t get paid at all and had to write off the money owed.

If a client doesn’t pay you on time, or they refuse to pay you at all, it can cause major financial difficulties and put a strain on your relationship with your client.

Designed for freelancers, contractors and anyone running a small business, this webinar will equip you with the knowledge to increase your chances of getting paid on time and explain the steps to take when recovering payment you are owed by clients.

The webinar will cover key topics including:

  • Survey results revealing how late payments are affecting the self-employed sector
  • How a watertight contract can help to deter late payments
  • How to use payment milestones for your benefit
  • How to manage scope creep and requoting for work
  • The steps to take when a client hasn’t paid an invoice
  • How to manage the debt recovery process without destroying client relationships
  • Your legal options if an invoice remains unpaid

This is a live webinar with a Q&A session at the end for you to ask any questions.

Speaker – Mark Rankin, Head of Civil Litigation, Markel Law

In the session, Mark Rankin, Head of Civil Litigation at Markel Law, will give his top tips based on the work he does resolving these issues for business professionals.

Mark has over 14 years’ experience defending claims against professionals of all sizes and advising them on recovering unpaid fees, as well as non-contentious issues. Mark’s practice has a particular focus on those operating in the technology and media sectors.

Markel

Markel are an award-winning insurer of contractors, freelancers, self-employed professionals and micro businesses. They have over 25,000 customers in the UK and their hassle-free website offers instant cover online, including professional indemnity, public liability and more.

IPSE members enjoy a 10% discount* on contractor insurance from Markel Direct.

*Discount terms and conditions

The 10% discount will be applied to the net policy premium before insurance premium tax is applied. All quotations provided will be subject to meeting underwriting and claims criteria acceptance. All cover will be subject to full policy terms and conditions which are available upon request.

The Association of Independent Professionals and the Self Employed Limited (IPSE) are an Introducer Appointed Representative of Markel International Insurance Company Limited which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority.

This webinar is free to attend for IPSE members. Non-members can also attend at a cost of £15 + registration fees.

Details

Date:
February 7
Time:
12:30 - 13:30
Event Category:
Event Tags:
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Website:
https://www.ipse.co.uk/event/how-to-tackle-late-and-non-payments.html

Organiser

IPSE
View Organiser Website

Venue

Virtual event