Comet was placed in liquidation on 2 November because the insurance companies were no longer prepared to provide credit insurance and the Directors of Comet recognised the difficulty of maintaining supply.
Most retailer terms of supply are very one sided in favour of the retailer. If retailers terms of supply were not one sided, the supplier could easily recover goods and retain title after an insolvency event reducing the size of the claim as the supplier mitigates their loss. If the size of claims of the suppliers decreases, the insurance should be cheaper and easier to obtain.
The insurers need to offer cheaper credit insurance to companies that agree to more supplier friendly terms of supply to recognise the suppliers reduced risk. If you are insurer, get in touch to discuss how you can offer a more competitive product.