What is it?
Bad Debt Protection protects your business against the impact of a customer insolvency or non-payment. The provider produces a Bad Debt Protected limit for each of your customers. You can protect the whole of your sales ledger or choose selected customers Providers can cover up to 100% of the debt outstanding after VAT as long as the balance exceeds £500 Bad Debt Protection can cover both UK and Export customers
What does it do?
Secure your cash flow: safeguard your business from any potential losses in the event that your customer can’t pay, knowing you will still receive payment for all your hard earned sales Confidence to grow: take on new orders in the knowledge that your payments are secure, allowing you to develop a profitable customer base. Business on your terms: choose the service that suits your business needs by protecting either all your customers or selective customers Peace of mind: knowing your cash flow will not be affected until your customers pays or your Bad Debt Protection claim is settled Speedy payments: There is also no lengthy claim process which could ordinarily impact your cash flow.