rresonate

Thoughts, stories and ideas.

Implementing pay cuts

Post Thumbnail

There are occasions when a pay cut is the only thing that stands between a business and redundancies or even receivership. If an employer is in this situation, they need to make sure that they enact those cuts legally as there are specific things that need to be observed when...

David Murray -

pay employer employee advice guidance contracts

The History of Insurance - Part 4

Post Thumbnail

In the last instalment, I explored Roman burial societies but we also know that the Romans practised bottomry – the practice of borrowing money using the ship itself (referring to the ship's bottom or keel) as collateral. If the ship was lost during the course of the voyage then the creditor...

Alan Hornby -

insurance history

Debt Recovery Part 4

Post Thumbnail

Insolvency Proceedings While not intended to be used for debt recovery, the threat of insolvency proceedings may persuade your customer to settle its debts. The type of insolvency proceedings used will vary, depending on whether your customer is a company, an individual or a partnership. Note that it will be...

David Murray -

debt recovery advice guidance arc insolvency

The History of Insurance Part 3

Post Thumbnail

Continuing this series on the history of insurance, I explore the Romans and, in particular, burial societies which they established. Burial societies can be considered an early form of friendly or mutual society in which a group of people join together for a common financial purpose. In order to better...

Alan Hornby -

insurance history rome