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
• Protects you up to 90% of bad debts suffered.
• Protection for your accounts receivable ledger which is an important asset.
• Allows bad debt provisions to be reduced.
• Protects your risk against work in progress/timesheets.
• Covers UK debtors and debtors in many overseas countries.
• Interactive online system giving you access to underwriters.
• Right to cancel with one month’s notice.
• Includes credit monitoring service.
• Competitive rates of cover.
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.