Debtor Insurance
Features & Benefits
Debtor Insurance provides security for your business by protecting you against your customers’ 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 became insolvent?
At Lloyds TSB Commercial Finance we have a dedicated team who will work with you and provide you with a low cost, easy to manage service. This could protect you from potentially damaging losses, if a major customer suddenly fails
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Cover
Insolvency
Where a company goes out of business. Claim payments due to Insolvency will normally be made within 30 days of confirmation of debt.
Protracted default
Where a UK company fails to pay invoices, a claim will be paid when you have a County Court Judgment awarded in your favour or where a non UK company fails 6 months after the due date of the invoices. We cover not only UK debtors but also debtors in many overseas countries.
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Charges
We can offer Debtor Insurance at extremely competitive rates.
These will vary according to size and risk, but will typically range from 0.15% to 0.85% of your annual turnover, but may be lower depending on your turnover and any losses to date.
There is no minimum premium.
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About Chartis UK
Chartis Insurance UK Limited is one of the top three business insurers in the country, a position we attained by answering our customers needs over the last 50 years.
We are proud to say that we currently insure over half the UK’s top 1,000 companies.
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