Nimbla Competition Terms and Conditions
- Nimbla Limited (Nimbla) competitions are open to UK registered businesses only.
- Entrants to Nimbla competitions must be 18 or over.
- Only three competition entries per referrer.
- The winner will be announced Wednesday 21st December 2022 and will be contacted via the email address held by Nimbla.
- The winning entrant will be drawn at random after the closing date.
- Entries should be made or cast fairly. If, in the opinion of the Judges this principle has been flouted, they can declare any entries or votes invalid as they see fit.
- The decision of Nimbla in every instance shall be final and unchallengeable.
- No responsibility can be taken for entries lost or damaged in transit.
- Nimbla reserves the right to amend or substitute any prizes from those advertised.
- All winners will be notified accordingly. If any of the chosen winners do not respond within two weeks, an alternative winner will be chosen.
- No cash alternative for any prizes will be offered.
What’s invoice insurance?
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.
What are the benefits of invoice insurance?
Who’s invoice insurance for?
Invoice insurance is perfect for small and medium-sized businesses with invoices of up to £500,000 (subject to your customer’s risk profile). 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.
Invoice insurance in action
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.
What's Nimbla?
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. Nimbla’s excellent customer support team can be reached by live chat, phone and email, answering all the questions you might have. Watch the video below to see how easy it is to insure invoices with Nimbla.
How do claims work?
If a buyer has become insolvent, Nimbla will process the insurance claim quickly in a few simple steps. If this happens, you will receive a letter from the administrators, which you will need to submit to Nimbla through their website.
They will check the documents and will keep in touch with you throughout the process. When everything is approved, Nimbla aims to pay out within thirty days.
Get started with Nimbla
Sign up online to get started or watch a video to find out how Nimbla works.
Or give Nimbla a call on 020 3984 8833, chat to them or send an email.
Frequently Asked Questions
The maximum amount you can insure for a single invoice is £100,000 (subject to your customer’s risk profile). You can insure multiple transactions from the same buyer.
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).
You can pay online using your debit or credit card.
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.