ShieldSME: Single Invoice Insurance

Stop the press! We're delighted to announce the formal launch of our new ShieldSME service - An innovative new product for any business owner looking to bolster their risk mitigation measures and future-proof operations.

ShieldSME is a business protection service centred around invoice insurance and can protect your business from non-payment in the event of customer insolvency or bankruptcy alongside any outstanding losses incurred as part of a Company Voluntary Arrangement (CVA).

Slick, competitive and with greater flexibility than traditional insurance channels, with ShieldSME, clients can insure single invoices against debtor default from as little as £5.60 per policy. What's more, you can insure 90% of a debtor balance with cover available against UK-registered businesses (including sole traders), up to a maximum invoice value of £500,000 and payment terms of no more than 120 days.

Our new service utilises the power of a third party platform, with leading algorithms, which synthesises numerous data sources - including credit data and market trends - to price the risk on your receivables. Cover is provided for 12 months from invoice due date or until an invoice is paid. Either way, your business will only pay for the insurance cover needed.

Unlike traditional credit insurance, which is typically linked to your overall debtor book, with ShieldSME you can insure an individual invoice or multiple transactions. Using this approach, you can target your protection needs to specific risks and ultimately, benefit from significant cost savings.

We also know time is precious so you can generate tailored quotes in seconds and setup a policy in less time than it takes to make an oat milk cappuccino with chocolate sprinkles! Further, rapid quotes will enable you to build policy costs into your customer pricing, effectively removing any cost to your business.

In the unfortunate event your business were to suffer a payment default, and you consequently had to claim under a policy, you'll have peace of mind as we aim to ensure any valid claim is paid within 30 days, minimising disruption to your cash flow.

A sizeable debtor default has the power to devastate any unsuspecting creditor. As such, protecting your business against non-payment should be high up the priority list!

So, what are you waiting for? By partnering with KeySME and utilising our ShieldSME service, you can rest assured that your business is suitably protected - If speed and flexibility matter to you, get in touch and see how we can help future-proof your business!