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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.
Credit limit coverage – If within 30 days of sign up we cannot offer you cover on at least 55% of your ledger, by value you may cancel with a full refund of premiums paid.
Flexible – no long term lock in. You can give us one calendar months’ notice at any time to terminate your policy.
We want you to grow – achieve turnover growth of 20% (up to a maximum of £500k) without any additional charge.
Protection – we cover you for up to 90% of the value of a bad debt suffered.
Cash Flow – our policy allows bad debt provisions to be reduced and replaces cash flow that would have been lost due to bad debt.
Trade in confidence – protects both overseas and domestic debt and our credit monitoring service may help you identify a potential credit risk before it becomes a bad debt.
Hassle Free – simple claims process and on-line policy management system keeps you in control.
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.
Debtor insurance can help you to grow your business with confidence by protecting you against bad debt.
At Lloyds TSB Commercial Finance we have a dedicated team who will work with you and provide you with comprehensive cover at competitive rates, with no long term lock in, to protect you from potentially damaging losses.
Last year over 19,000 businesses failed. Have you ever thought about what would happen to you if a major customer went bust?
Features & benefits of Debtor Insurance
At Lloyds TSB Commercial Finance we understand that bad debt is a risk that every business faces in the current economic climate. You may run a very successful business, but have you thought about what would happen if a major customer became insolvent?
Lloyds TSB Commercial Finance, in consultation with Chartis UK (one of the UK’s leading Trade Credit Insurers), have developed a Debtor Insurance solution that is not only competitively priced, but we believe it to be the most flexible on the market.Credit limit coverage – If within 30 days of sign up we cannot offer you cover on at least 55% of your ledger, by value you may cancel with a full refund of premiums paid.
Flexible – no long term lock in. You can give us one calendar months’ notice at any time to terminate your policy.
We want you to grow – achieve turnover growth of 20% (up to a maximum of £500k) without any additional charge.
Protection – we cover you for up to 90% of the value of a bad debt suffered.
Cash Flow – our policy allows bad debt provisions to be reduced and replaces cash flow that would have been lost due to bad debt.
Trade in confidence – protects both overseas and domestic debt and our credit monitoring service may help you identify a potential credit risk before it becomes a bad debt.
Hassle Free – simple claims process and on-line policy management system keeps you in control.
1 komentar:
Debtors Insurance is a very useful tool for saving your business from financial and other losses. Thanks for sharing this useful post!
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