When you’ve worked long hours, day after day, the last thing you want to worry about is a bad debt undoing it all in one unfair swoop.

Debt Insurance service, working in conjunction with Factoring or Invoice Discounting services, can cover up to 100% of bad debts, ensuring you can grow your business with complete confidence.

How does Debt Insurance work?

With Debt Insurance, you get an experienced credit team working for you who credit-check existing and prospective customers for you and offer cover on each invoice at a level they feel is appropriate, up to 100% of the invoice value. 

Also known as ‘Non Recourse Factoring’, Debt Insurance is a cost-effective solution, ideal for Factoring or Invoice Discounting clients who want increased peace of mind. ‘Non Recourse Factoring’ is a type of Bad Debt Insurance, which means that any approved debts are recovered from your customers and lender has no recourse to you if your customers fail to pay.

Debt Insurance allows you to get on with your business, secure in the knowledge that your customers are being professionally credit checked and giving you are full protection should they fail to pay. With Debt insurance, you & your business can grow without worrying about the viability of your customers or holding back your business development with concerns over new customers. 

With Debt Insurance, you can enjoy:

• Up to 100% protection – that’s sometimes 20% more than others will offer
• credit advice, helping you to build a stable business
• Free credit checking on new customers
• Typically higher credit limits on your customers
• Fast claim payments, with minimal paperwork
• Automatic pay-out on approved invoices post 120 days for factoring clients 

Debt Insurance can help almost any business.  We know that bad debts can be impossible to predict - affecting companies of all different shapes and sizes.

 

 

Call Now on 07916 324169

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