Any invoice you send to another business is eligible for Invoice Protection as long as:
If you only received verbal confirmation of the order, then you can still take our Invoice Protection. However, Hokodo won’t pay a claim for your invoice if your customer disputes having placed the order.
To take out Invoice Protection, you’ll be asked to confirm that, to the best of your knowledge, your customer:
Hokodo doesn’t expect you to do any further investigation of your customer’s solvency. However if, in carrying out your business, you discover it’s likely that your customer won’t be able to pay your invoice then you must not take out any further Invoice Protection on invoices to that customer.
Find out more about Invoice Protection and how it works.
You have access to Invoice Protection with Hokodo for all eligible invoices. If you have signed up for the Invoice Assistant as a limited company, this means that your first Invoice Protection for that month is free as it is included within the add-on. Your first use of Invoice Protection in a month will be deducted but then refunded to you in your next billing cycle.
Invoice protection is provided by Hokodo Services Limited, who are authorised by the Financial Conduct Authority as an Appointed Representative of Innovative Risk Ltd. Invoice Protection is available for eligible invoices. Hokodo assess invoice eligibility based on a range of factors including the identity of the buyer and how close the invoice is to its due date