Debtor Insurance
At times when the market is less buoyant, business owners need to identify potential risks and review their business processes to help them weather the economic storm.
Cover that provides security for your business by protecting you against your customer’s insolvency or non-payment of invoices.
You may run a very successful business, however, have you thought about what would happen to your business if one of your customers to whom you sell on Trade Credit Terms became insolvent?
Debtor Insurance, provided by Lloyds TSB Commercial Finance Limited provides you with a low cost, easy to manage service which could protect you from potentially damaging losses, if a major customer suddenly fails.
Protects up to 90% of bad debts
Offers protection on domestic and export debt
Protects against the insolvency or protracted default of your insured customers
Apply online at www.debtorinsurance.co.uk and complete the online form or call Lloyds TSB Commercial Finance Limited on 0800 587 5180 (open 9am to 5pm Monday to Friday) for more information.
Features and benefits
- Protects you up to 90% of bad debts suffered.
- Protection for your accounts receivable ledger.
- Protects against the consequences of the insolvency or protracted default of your insured customers.
- Enhances your business controls.
- Lloyds TSB Commercial Finance Limited credit monitoring service may help you identify a potential credit risk with one of your customers before it becomes a bad debt.
- Protects your risk against work in progress/timesheets.
- Releases capital for business expansion.
- Offers protection on domestic and export debts.
- If within 30 days Lloyds TSB Commercial Finance Limited cannot cover at least 55% of your ledger by value you may cancel with a full refund of any premium paid.
- No annual contract, 30 day mutual termination clause.
Exclusions
- If your business has a turnover of less than £200,000 per annum you will not be eligible for this product.
- Sales not made on Trade Credit Terms.
- Cash or consumer credit sales.
- Sales to government buyers in the UK.
- Sales to associated companies or a company where you have a shareholding or financial interest.
- Sales where a valid credit limit has not been issued for one of your customers.
- Sales made on a consignment stock basis.
More information
If you would like more information before you apply please visit the Lloyds TSB Commercial Finance Limited www.debtorinsurance.co.uk website or call 0800 587 5180 (open 9am to 5pm Monday to Friday).
How do I apply?
By phone
Call Lloyds TSB Commercial Finance Limited on 0800 587 5180 (open 9am to 5pm Monday to Friday) to discuss your application.
Online
Visit www.debtorinsurance.co.uk
and complete the online contact form.
