MaxCap has partnered with Nimbla to provide you with a flexible and affordable invoice protection, that covers your business against unpaid invoices, so that you can run your business knowing that you’re protected if things don’t go to plan.
Invoice insurance from Nimbla provides businesses like yours with peace of mind, knowing that if one of your buyers becomes insolvent while owing you money, you still get paid. Unlike traditional credit insurance, Nimbla doesn’t require you to insure your entire turnover for thousands of pounds.
Instead, Nimbla allows you to insure individual invoices. If your buyer becomes insolvent, you can file a claim and Nimbla will pay out 90%* of the invoice value.
Invoice insurance is perfect for small and medium-sized businesses with invoices of up to £100,000. It’s useful for companies that operate in sectors such as manufacturing, wholesale, food production, recruitment, logistics and printing. However, we cover every sector. You can use invoice insurance to win new business by offering credit terms to customers, knowing you’re protected when the invoice goes unpaid if they become insolvent.
Nimbla is an easy-to-use online platform, allowing you to insure your first invoice within minutes after signing up. We have created Nimbla to make credit insurance more accessible and to level the playing field for smaller companies
If a buyer has become insolvent, we’ll process the insurance claim quickly in a few simple steps. If this happens, you’ll receive a letter from the administrators, which you’ll need to submit to us through our website. We’ll check the documents and we’ll keep in touch with you throughout the process. When everything is approved, we aim to pay out within thirty days.
The maximum amount you can insure for a single invoice is £100,000. You can insure multiple transactions from the same buyer.
You can pay online using your debit or credit card.
Invoice insurance can protect your invoices against non-payment in the event of insolvency or bankruptcy. It can also protect against any outstanding losses incurred as part of a company voluntary arrangement (CVA).
Every UK-registered business (including sole traders) doing business with UK-based limited and public limited companies. We are working hard on adding invoice insurance for selling to overseas buyers.
A small London-based fashion designer was facing a loss of more than £30,000 when luxury high street retailer LK Bennett went into administration in March 2019 and Nimbla paid out 90% of the invoice value because it was insured.
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