[MNWC]

We have been subbed a few jobs from local ltd company for a while now and recently i have noticed that payments are getting later and later with lame excuses, their employees are saying that they haven't been payed, the person in charge of the purse strings is never available etc....

We've got a job lined up in the summer that is well into four figures and was wondering if there is an insurance that can protect us if we have done the work and the company goes bust

Any ideas 

[Simon@ Clearview contractors]

If alarm bells are ringing for you, you might want to ask for payment on completion.

This way you know that you're protected.

[Moderator David@stives]

Ask for a personal guarantee, or just walk away.

[PoleKing]

In short.
No.

If you've got a bad feeling, leave it.
Gut feeling (in my experience) is rarely wrong

[bobplum]

We have been subbed a few jobs from local ltd company for a while now and recently i have noticed that payments are getting later and later with lame excuses, their employees are saying that they haven't been payed, the person in charge of the purse strings is never available etc....

We've got a job lined up in the summer that is well into four figures and was wondering if there is an insurance that can protect us if we have done the work and the company goes bust

Any ideas 

walk away

[Handyman Window Cleaning Services]

i subbed a window job before. its a restaurant on top of wales highest residential tower. its now owned by SA Brains, but before them the first owner ran out of money before it even opened.  the guy that was getting all the subcontractors in was shorted by £6k.

I was mad as I was contracted to call weekly at £250 P/W (internal only), I couldn't get them to agree to an higher first clean price tho.

to cut a long storey short, the restaurant has 2 and half of an higher floor. 

first week I did floor 28 and 29, the guy who employed my company said leave floor 27 as there's still work going on. I finished floor 27 the following week.

all the hardest work was done, I invoiced for 2 weeks worth (it was end of the month and we agreed a weekly rate) I was queried about this, but we came to an agreement of the £250 for one clean, I was told everything's gone belly up.  I was asked to come to his house for the money and I only had £200.  I was robbed too, I had to do a crappy builders clean that seemed to last forever. now whoever cleans it with the new owners has a nice easy earner