Insure against company going bust?

bouncydog1

Why do you have to train with this particular supplier? Is there a particular location reason etc. It does seem rather odd that they want everything up front - have you asked them if your money is ring-fenced in the event of them going bust - have you asked them for a copy of their last financial accounts so that you can see what their financial position is regarding assets and liabilities?

I don't think I would want to part with £50k in these circumstances - it sounds rather dodgy to be frank - why can't they accept quarterly instalments paid in advance each quarter? At least that way if they go bust the most you would lose would be 1/4's payment.

Regardless of what they are offering I am sure there must be other entities offering similar courses that are more financially stable - I'm sure not everyone who wants this training parts with £50k up front!

Have you tried asking for details of others who have trained with them - google the name and see what comes up -and see if there are any negative reports about them - £50k is a lot of money to lose!