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?
What would the impact be on your business?
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.
Who is eligible for Debtor Insurance?
Companies that sell on:
- A business to business basis.
- Unsecured credit terms.
And Companies with:
- Anticipated turnover of £200k or more per annum
- More than one customer.
- If the four points above apply to you, you are eligible to purchase this Debtor Insurance product
The provision of credit or leasing services by us is subject to your meeting our Credit approval. Please ensure that you only apply for credit or leasing services that you can comfortably afford.
This insurance is provided by Lloyds TSB Commercial Finance Limited and underwritten by Chartis Insurance UK Limited, The Chartis Building, 58 Fenchurch Street, London, EC3M 4AB.
Lloyds TSB Commercial Finance Limited is an appointed representative of Chartis Insurance UK Limited, which is authorised and regulated by the Financial Services Authority (FSA register number is 202628). You can check this on the FSA’s register by visiting the FSA’s website ww.fsa.gov.uk/register or by contacting the FSA on 0845 606 1234.