As an SME, making sure your cashflow is stable and you are protected against payment delays, or even missed payments can be crucial !
Even when business is thriving it can take just a few unpaid invoices to cause significant problems.
If you are looking for security and the confidence that you will receive payment for the work you’ve done or products you’ve sold, then you can protect your finances with Bad Debt Protection.
Bad Debt Protection works alongside your invoice finance facility to protect against the impact of customer non-payment and insolvency.
Bad debt protection, in simple terms, is a kind of insurance for businesses. When a business sells its products or services on credit (meaning customers can pay later), there's a risk that some customers might not pay at all or pay very late, leaving the business with unpaid bills. Bad debt protection is like a safety net.Get Started →
How does Bad Debt Protection Work?
|The business pays a fee to an insurance company or a service provider. In return, this provider promises to cover some or all of the losses if customers don't pay their bills.
|Peace of Mind:
|With bad debt protection, the business can be more relaxed about extending credit to customers because they know they have some financial protection if things go wrong.
|If a customer can't or won't pay, the business can make a claim to the insurance company to recover some of the money they're owed.
|Choosing Bad Debt Protection with us means that we will protect you against the risk of bad debts from your customer base. You can decide how many customers you would like to cover, and we’ll do the rest.
We take care of all of the administration for both existing and prospective customers so you can free up your time to focus on running your business.