Peace of mind in times of uncertainty
You may run a very successful business, however, have you thought about what would happen to your business if one of your main customers became insolvent? Debtor Protection could give you the peace of mind you need.
What is debtor protection?
Debtor Protection, as part of a funding solution, is a low cost, easy to manage service that could protect you from potentially damaging losses if a major customer fails. It gives you security against a customer’s insolvency and non-payment of invoices, putting you firmly in control of your cash flow to help your business run and grow effectively.
The Benefits:
• Performance Guarantee – If within 30 days of sign up we cannot offer you cover on at least 55% of your ledger by value you may cancel with a full refund of premiums paid.
• Flexible – No long term policy periods. You can give us 90 days notice at any time to terminate your Debtor Protection agreement
• Protection – covers you for up to 90% of the value of a bad debt suffered
• Cash Flow – allows bad debt provisions to be reduced and replaces cash flow that would have been lost due to bad debt
• Trade with confidence – protects both overseas and domestic debt and our credit monitoring service may help you identify a potential credit risk before it becomes a bad debt.
• Hassle Free – simple claims process and on-line policy management system keeps you in control.
Is it suitable for my business?
You may be eligible for Debtor Protection if you sell on a business to business basis or unsecured credit terms, and if you’re a company with anticipated turnover of £200k or more per annum.
The provision of credit or leasing services by us is subject to your meeting our Credit approval. Please ensure that you only apply for credit or leasing services that you can comfortably afford.