Bad Debt Protection
What is bad debt protection?
Many businesses fail or struggle to survive following the failure of a significant debtor. You can protect yourself up to 100% against this risk if you choose. Thereafter, if your customers do not pay due to insolvency, it is no longer your headache!
How does bad debt protection work?
We can help negotiate protection at a cheaper cost than the main credit insurers with 100% cover compared to the typical 80-85% offered. Additionally all the administration you would normally have to handle will be done for you.
Bad debt Protection leaves you to grow your business, safe in the knowledge that a bad debt is not going to have a catastrophic effect
It always remains your decision as to whom you trade with , irrespective of whether a credit limit can be set for a specific customer.
What are the benefits of bad debt protection?
- Knowing that you are insured against bad debts can give you confidence and peace of mind
- No more fear of a customer ceasing to trade and owing you money
- The ability to give your customers the credit they expect, knowing that you are 100% covered
- Save time and costs that are usually associated with client insolvency
- Concentrate on developing your business
