Invoice insurance from Hokodo, available on Tide on the web.
As part of our mission to help protect your cash flow, and save you time and money, we’ve teamed up with Hokodo to bring you Invoice Protection.
With Invoice Protection, you can cover your invoices and protect your business against the risk of non-payment.
Available to limited companies who have filed up-to-date accounts with Companies House. Not yet available for Sole Traders.
Never considered insuring your invoices before? Here’s why it’s a smart solution for many small business owners:
Your payment is guaranteed, even if your customer can’t pay you (terms and conditions apply).
You pay per invoice so you only pay for what you need.
You decide which invoices to insure and you’re protected in just a few clicks.
Hokodo takes care of everything, including the hassle of trying to collect late payments.
We found the service very easy to use and useful.
It was definitely great to have the back up and know that we’d get paid if our client couldn’t pay us during these trying times with COVID-19.Joseph, J R Cleaning & Removals, Sheffield
Protecting your cash flow with Invoice Protection is easy.
Go to Invoicing
To help you decide which invoices to insure, you’ll be able to see your customers’ credit scores. This is a measure of their financial health (5 stars = good financial health, 1 star = substantial risk).
You can insure invoices of up to £22,000 (excluding VAT). You can get a quote for a single invoice or several and typical costs are between 0.3% and 1% of the value of the invoice.
Hokodo will give you a quote in less than 30 seconds. If you accept the quote, Hokodo insures 90% of our invoice amount against non-payment from your customer.
If the collection fails, Hokodo will pay the protected amount (90% of the invoice value). Hokodo is backed by specialist insurers Lloyd’s of London so you know your claim is in safe hands.
Create, customise and send invoices, hassle-free, all from your Tide app.
No need to use a separate system, ideal for small businesses and free to all Tide members.
Read more about Invoicing with Tide