Debtors Insurance or Trade Credit Insurance is the strongest form of bad debt protection… The financial strength of all your customers will be assessed and monitored by an insurer which will help you avoid a loss in the first place. Should the worst happen and one of your customers become insolvent, you will be able to make a claim for the money you were owed.
Depending on the size and value of your largest customers account there are solutions available to offset the risk of trading with an individual customer.
If you are looking for an alternative to bank guarantees, that frees up business capital and requires no collateral, then Debtor Protect can help you arrange a solution.
To assist with cash flow management, Debtor Protect are able to help you fund your solution on a monthly, quarterly or bi-annual basis.