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Return to Invoice Finance HomeBad Debt Protection
What is it?
- Credit protection insures against non-payment by your customers for sales made locally or abroad
Who can use it?
- Clients currently using an Invoice Finance facility
- Other clients may take advantage of our links to major insurers to obtain preferential rates for their entire ledger or selected customer accounts
What is in it for you?
- Preferential insurance premium rates
- Quality credit assessment and monitoring of your sales ledger
- Access to knowledge and trading experience of other policy holders
- Expand your business by taking on new customers with confidence
How does credit insurance operate?
- Following an initial assessment of your sales ledger, we provide insured limits, where available, for each customer
- Claims are paid out immediately upon liquidator's confirmation of insolvency or 6 months after original due date if customer fails a valid debt
- Excess per claim of £1,000
- 90% of insured limit payable on claim (after excess)
Charged at fixed % of annual turnover
To apply, or for more information, send us an email or contact your local business team
For full Terms and conditions, please refer to our Guide to Business Banking - 123KB PDF Document.
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