We use industry leading credit rating agencies to check the credit rating of your customer to understand how likely they are to pay your invoice.
As with other insurance policies, a small amount will be cheaper to insure than a large amount. We can insure invoice of up to £100,000.
You're insured for as long as your invoice isn't paid, up to 12 months. With longer payment terms, the risk of your customer becoming insolvent increases and that's factored into the price.
We look at whether your customers pay other suppliers on time. Paying slightly late isn't a problem, but if they've started paying later and later, we'll take that into account.
Every UK-registered business (including sole traders) doing business with UK-based limited and public limited companies.
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.
No, you can’t claim for late payments. Nimbla invoice insurance covers non-payment in the event of insolvency.
The maximum amount you can insure for a single invoice is £100,000. You can insure multiple transactions from the same buyer.