Invoice Protect - Credit Insurance for Small Businesses
One of the most valuable assets in your business is your sales
ledger; invoices you have issued for goods and services you have
completed. Credit insurance provides protection for invoices you
have issued against customers defaulting on payment.
Up until now it has proven extremely difficult to get credit
insurance for SME companies in the UK due to the complexity of
underwriting and the high premiums involved. Invoice Protect has
now been launched in the UK to help give SMEs protection of their
most valuable asset in a simple and cost effective manner.
The Real Cost of a Bad Debt In a company operating with a gross
profit margin of 6%, a £10,000 bad debt will cost £166,667 in
additional sales just to recoup the loss of profits. In the current
economic climate can any SME company afford to take this risk?
Who is InvoiceProtect for?
- Companies with Trade Credit Sales of up to £350,000 per
annum
- Suitable for most business to business enterprises
What does it cover?
- Cover against trade customers not paying invoices due to
insolvency
- UK based transactions only
What does it cost?
- Fixed cost £1,889 per annum, inclusive of
Insurance Premium Tax at 6% and all placing brokers
fees
- Payable in 10 monthly payments of £188.90
Documents
For further details please call us on 0845 671 8008 or
email credit.enquiries@tlrisksolutions.com.