Debtor protection provides security for your business by protecting you against the insolvency or non-payment of invoices by your customers.

If a major customer becomes insolvent, the financial consequences to your business could be catastrophic. Debtor protection ensures that your business will survive. In short, it provides you with peace of mind.

How it works.

We will ask you for some basic information and provide you, free of charge, with both a quote for debtor protection and an initial assessment of your top ten limits. Once you agree to our quotation, you will be provided with a link to the on-line system where you can request limits on your customers and manage the facility. The system is also interactive, allowing communication with limit underwriters.

There are reporting requirements for you to feed back information on overdue debts (standard terms + 60 days) via the on-line system. This is a very simple procedure, which should take you no more than 15 minutes per month.

Cover provided
The policy covers:

Insolvency. Where a company goes out of business. Insolvency payments will normally be made within 30 days

Protracted default. Where a company fails to pay invoices. A protracted default claim may be submitted when invoices become overdue by more than 180 days.

Take-on debt can also be covered We cover not only UK debtors, but also many overseas countries including: Western Europe (Euro countries), Switzerland, Norway, USA and Canada.

Competitive charges We can offer debtor protection to our clients at extremely competitive rates. These will vary according to size and risk, but will typically range from 0.25% to 0.75% of your annual turnover. There is no minimum premium rate.

Debtor protection…

• Offers balance sheet protection

• Protects your largest asset - your accounts receivable

• Enhances your business controls

• Helps spot a potential credit risk problem before it becomes a bad debt

• Allows bad debt provisions to be reduced

• Releases capital for business expansion

Why consider debtor protection?

• Because you effectively lend your customers your money, unsecured

• Because you should protect one of your largest assets - what people owe you

• Because "Blue Chip" is dead

• Because you never know what may be around the corner

• One bad debt can wipe out years of work. With a 10% margin, a £5,000 bad debt gives you a loss that requires £50,000 of turnover just to stand still.