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 £1,872 per annum, inclusive of Insurance Premium Tax at 5% and all placing brokers fees
• Payable in 10 monthly payments of £187.20

Simple to apply for and use

• Use your own trading history or status reports to set limits for customers
• Simple application form, direct access to Client Service Advisor help desk

If you are interested in finding out more about this valuable protection, or if you wish to apply for cover, please download the documents on this page and submit the application form to us. If you wish to discuss the cover then please call Richard Benson on 01509 686200 or richard@bensons.co.uk.