The Art of Protecting Your Business

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 0.15% to 0.75% of your annual turnover, but may be lower depending on your turnover and any losses to date. There is no minimum premium.

In 2006 claims in excess of £1.8 million were made and met - we are proud of our 100% record in meeting claims.

"The additional security and peace of mind are the main benefits. We have already had a customer who went under owing us a large sum of money. The insurance saved us most of this loss and the cashflow problems it would have caused. We felt that the small additional cost was worth it, compared to the damage that a large loss would cause if a debtor went under."
Steve Rawlins, Director, GMS Thermall

"Quite simply, it gives us an almost instant response so we can decide whether or not to go ahead with a customer, meaning those difficult decisions can now be made in hours rather than days. In today´s competitive market, it really pays to have a product like this up your sleeve."
James Davies, Managing Director of Derby based Strategic Placements ltd.

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Service Features

• Whole turnover policy (offer all your debtors for cover).
• 90% indemnity.
• Typically a £1000 excess. Other excesses or bespoke structures are possible.
• Interactive system allowing on-line access to underwriters puts you in control.
• Covers UK and Export sales.
• Right to terminate giving notice of one calendar month at any time.

Lloyds TSB Bank plc and Lloyds TSB Scotland plc are regulated by the Financial Services Authority.