The Art of Protecting Your Business
Features and Benefits
- Protects you up to 90% of bad debts suffered.
- Protection for your accounts receivable ledger.
- Protects against the insolvency or protracted default of your insured customers.
- Enhances your business controls.
- Our credit monitoring service may help you identify a potential credit risk with one of your customers before it becomes a bad debt.
- Allows bad debt provisions to be reduced.
- Protects your risk against work in progress/timesheets.
- Releases capital for business expansion.
- Offers protection on domestic and export debts.
- If within 30 days we cannot cover 55% of your ledger in value you may cancel with a full refund of any premium paid.
Some reasons why businesses use Debtor Protection
- To reduce the credit risk of trading on unsecured terms of payment.
- Even large, apparently safe businesses fail.
- Corporate failures in the UK have jumped by 10.7% in 2006 to 20,067 according to the latest figures released by (Experian), the global information solutions company 1,938 more failures than were recorded in 2005. This is the highest annual number of corporate failures recorded since Experian began reporting in 1997.
- Cashflow is a main driver in crippling many small firms each year.
Contact our team to get a quote
Do you have a Factoring or Invoice Discounting agreement with Lloyds TSB Commercial Finance?
