Invoice insurance

As a small business offering goods and services, you may become vulnerable if one of your customers goes bankrupt. Unexpected losses can be devastating. Invoice insurance protects you against insolvent customers so you can trade with security and confidence.

Nimbla explained in three steps

1.

Check invoice risk

We will analyse your customer’s credit rating for free. Identifying one-off or multiple invoices you may want to protect.

2.

Insure your invoices

Provide us with some basic information, and we will give you an instant quote, and help protect the cash flow of your business.

3.

Receive payment

If your customer doesn’t pay you because they have gone insolvent or bankrupt, you will continue to get paid through us.

Why have invoice insurance?

Nimbla aims to protect your business from insolvent customers. As a small business, you may have doubts about a customer’s ability to pay. If they go bankrupt, it can potentially leave your business in a perilous situation. With invoice insurance, you can safeguard against this risk and continue to trade with security and confidence.

"We founded Nimbla to provide a great customer experience and help small and medium-sized businesses when they take out insurance."
Flemming Bengtsen — Founder, Nimbla

Simple and easy-to-understand insurance

What we do

Full insurance cover against insolvency

Payment terms up to 120 days

Up to 90% of your invoice reimbursed

Cover for one year from the invoice date

No confusing forms or jargon

What we don't do

Late or overdue payments are not covered

Invoice disputes need to be settled first

How does invoice insurance work?

Let’s say you take out invoice insurance on a £50,000 invoice. You will receive up to 90% cover in the event of an insolvency claim. We would then pay you £44,930 once everything is verified. If you don’t have insurance, then you would lose almost everything, so it’s always better to be safe than sorry.

With invoice insurance
Without invoice insurance
Invoice net
£50,000
£50,000
Deductible
£5,000
£50,000
Insurance premium
£70
£50,000
Loss
£5,070
£50,000
£50,000 invoice is protected on 90% cover with single invoice insurance. The price of this insurance isroughly £70 for an invoice this size depending on credit rating and term dates. Deductible iscomparable to the excess you see with other insurances. This means that in the event of a claim, youget back the £44,930, Without single invoice insurance you would lose £50,000.

Compare an invoice with and without insurance

Agriculture

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Construction

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Logistics

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Manufacturing

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Recruitment

Protect your recruitment company
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Wholesale

Protect your wholesale business
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Other business

Protect every other business
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Frequently asked questions

Who can use Nimbla?

Every UK-registered business (including sole traders) doing business with UK-based limited and public limited companies — not sole traders though. We are working on that and hope to change it soon.

Will I get the full amount back?

Not everything as there’s a standard deductible charge of 10%. We aim to pay you within five working days once your claim has been approved.

Can I claim for late payments?

No, you can’t claim for late payments. Nimbla invoice insurance covers non-payment in the event of insolvency.

What is the maximum amount I can insure?

The maximum amount you can insure for a single invoice is £100,000. You can insure multiple transactions from the same buyer.

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