Claims
A sizeable customer default could have a catastrophic impact on your cash flow, even triggering insolvency. If a customer cannot pay you, Nimbla resolves your insurance claim in a few simple steps. We aim to pay all valid claims within 30 days.
How do I make a claim?
Nimbla in action
1. Invoice insurance
Martin’s Machines insures a £9,000 invoice for supplying a machine to Bob’s Bakery, who have agreed to pay within 30 days.
2. Customer insolvency
Bob’s Bakery fails to pay the invoice after 30 days after going insolvent, leaving Martin out of pocket.
3. Confirmation
Martin’s Machines receives a letter from the administrators confirming Bob’s Bakery is insolvent.
4. Notify Nimbla
Martin sends over his invoice and policy documents to us by email, so we can review his claim.
5. Immediate assessment
We immediately assess Martin’s claim and keep him informed of any developments.
6. Payment
Martin’s claim is approved, and he receives £8,100 in payment (i.e. original invoice amount minus the 10% deductible).