Invoice insurance

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

Nimbla explained in four steps

1.

Check the credit risk

We will check the credit risk for each invoice, allowing you to identify the 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.

Invoice payment

Let us know when an insured invoice is overdue. If your customer is still trading, we will do our best to recover the money — free of charge to you.

4.

Insurance claim

If your customer doesn’t pay you because they have become insolvent or have gone into administration, we pay out 90% of the invoice value.

Check our prices

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.

Simple and easy-to-understand insurance

What we do

Full insurance cover against insolvency

Payment terms up to 120 days

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 90% back 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

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

Protect your agriculture business

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Construction

Protect your construction business

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Logistics

Protect your logistics business

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Manufacturing

Protect your manufacturing firm

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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.

Will I get the full amount back?

Not everything as there’s a standard deductible charge of 10%. We aim to pay you within 30 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 £500,000 (subject to your customer's risk profile). You can insure multiple transactions from the same buyer.

Invoice insurance

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

Nimbla explained in four steps

1.

Check the credit risk

2.

Insure your invoices

3.

Invoice payment

4.

Insurance claim

Why have invoice insurance?

Simple and easy-to-understand insurance

What we do

Full insurance cover against insolvency

Payment terms up to 120 days

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?

Compare an invoice with and without insurance

Agriculture

Construction

Logistics

Manufacturing

Recruitment

Wholesale

Other business

Frequently asked questions

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