Invoice insurance

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Hannah Taylor

Swoop made the entire funding process incredibly straightforward and stress-free. From the outset, the platform was easy to navigate and clearly designed with businesses in mind. The team took the time to understand our needs and presented funding options that were genuinely relevant, rather than a one-size-fits-all approach. What really stood out was the level of support throughout the process. Communication was clear, responsive, and professional at every stage, and we felt well informed from initial enquiry through to completion. The expertise and transparency provided gave us real confidence in the decisions we were making. Overall, Swoop is an excellent solution for businesses looking to explore funding options efficiently and with expert guidance. I would highly recommend them to any business seeking a reliable, knowledgeable, and customer-focused funding partner.

Jan 23, 2026

Michael

A user friendly and intuitive platform that did not make the process onerous. Also Ikrah Ramzan, the Asset Finance Funding Manager was helpful, engaging, and supportive through the process.

Jan 20, 2026

Paul Brogan

Great service nice people pleasure to work with, highly recommend them

Jan 16, 2026

Peps Cafe

Very good customer service 👏

Dec 13, 2025

Rachel Martin

Working with the team at Swoop Finance has been genuinely brilliant, both as a partner and as an accountant, recommending them to clients. Their platform makes the funding process feel clear and accessible, and their team really take the time to understand each business before suggesting options. I’ve referred several clients through Swoop this year - from start-ups to established companies and each one has come back saying how seamless and supportive the experience was. From my side, collaborating with Swoop has been effortless. They genuinely care about helping business owners grow sustainably, and their communication and professionalism make them a standout partner in the finance space. Great for accountants looking to add value to their clients and for business owners looking to explore funding with confidence.

Dec 12, 2025

Taz Allinson

Working with Swoop has been brilliant. They’ve been a great brand to collaborate with behind the scenes, and our clients are already feeding back positive results after using Swoop to access funding for their businesses. Highly recommend!

Dec 9, 2025

Frank Coelho

Fantastic tool for business owners. It simplifies the funding landscape and brings everything into one dashboard. I was able to see my options quickly without the usual hassle. Very impressed with the service.

Dec 5, 2025

BuildBright Contractors

We recently worked with Swoop Funding to help finance our new van purchases, and the experience was outstanding from start to finish. The process was smooth, transparent, and far easier than we ever expected. A special shout-out goes to Ikrah, who was absolutely fantastic throughout. She was proactive, knowledgeable, and incredibly supportive—always quick to respond, always clear in her explanations, and genuinely committed to finding the best possible solution for us. Her professionalism and friendly approach made the entire journey not just stress-free, but genuinely enjoyable. Thanks to Swoop—and especially Ikrah—we were able to secure the right funding quickly and confidently. We couldn’t be happier with the service and highly recommend them to anyone looking for business finance done right.

Nov 18, 2025

Claudia Mirabela Costea

A bit late with my feedback but I want to recognise how supportive swoop has been with assisting me to find the best funding for my tiny business.In a world full of possibilities it is rare to find people to help you explore the right paths for your needs.I want to also recognise Daniel M. On this ocassion as he was very professional and prompt to get involved and emailed me all the resources I needed

Oct 19, 2025

Todd Holden

Swoop have been nothing short of excellent. From sign-up to installation, the whole experience has been great. I can’t recommend them highly enough. There’s no more lag when streaming, and the service has been so good that I’ve also switched my business internet to Swoop. I’m really glad to now be on FTTP- previously, I was using wireless 5G for home and FTTN for the business, and neither came close to the speed and reliability we have now

Oct 15, 2025

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Page written by Chris Godfrey. Last reviewed on August 28, 2025. Next review due April 6, 2027.

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How can I protect my business against bad debt?

The easiest way to protect your bottom line is to take out invoice insurance on your unpaid invoices.

Find out all you need to know about invoice insurance

With invoice insurance, a business pays a premium to an insurance provider, and in return, the insurer agrees to reimburse the business for a percentage of the unpaid invoice amount in the event of non-payment by the customer. This can help safeguard a company’s cash flow and financial stability, particularly in industries where late or non-payments are common risks.

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What is invoice insurance?

Invoice insurance, also known as trade credit insurance or accounts receivable insurance, is a financial product designed to protect businesses from losses due to non-payment of invoices by their customers. It provides coverage in case a customer is unable to pay their outstanding invoice due to insolvency, bankruptcy, or other financial difficulties.

How does invoice insurance work?

Invoice insurance protects you from unpaid invoices (accounts receivable). Let’s say your business has a customer who is unable to pay an invoice. If you’ve insured this invoice against customer insolvency, you won’t incur any financial loss if your customer doesn’t pay you. If your customer becomes insolvent or enters administration, you can usually file a claim for 90% of the invoice value.

How many invoices can I insure?

This will depend on your insurance provider,; usually you can insure as many individual invoices as you like.

What's the difference between invoice insurance and traditional trade credit insurance?

You can think of invoice insurance as a flexible type of trade credit insurance. With invoice insurance you can select only the invoices that you want to insure, whereas with traditional trade credit insurance you generally buy insurance for your company’s entire accounts receivable.

How do I take out invoice insurance?

Step 1: Register your details with Swoop.
Step 2: We’ll assess the risk of each invoice and share this with you.
Step 3: You choose which invoices you’d like to insure.
Step 4: The debt will be collected if payment is late.
Step 5: You’ll receive 90% of the value of your invoice(s) if your customer is insolvent.

How long does the cover last?

Your invoices are covered for 12 months from the invoice due date.

What's the maximum invoice amount that I can insure?

You can insure invoices up to £500,000, depending on the risk associated with your customer.

Can I take out invoice insurance for an invoice I've already issued to a customer?

Yes. You can insure pre-issued invoices for up to half of their payment term.

What's the difference between invoice insurance and invoice finance?

Invoice insurance gives you protection against credit risk – most likely customers being unable to (or refusing to) pay you. Invoice finance is more about smoothing out your cash flow – you are advanced most of the value of an invoice (or all your invoices), in the full expectation that it will be paid. It’s an advance i.e. a debt product. You can of course take out invoice insurance as a bolt-on to invoice finance.

How many UK businesses are at risk of insolvency?

According to the latest figures from the Office of National Statistics, more than 1 in 10 UK businesses are at a ‘moderate-to-severe risk’ of insolvency (August 2022). 22% of businesses surveyed said rising energy costs were their main concern.

What is the difference between corporate insolvency and bankruptcy?

If a business is insolvent it doesn’t necessarily mean it’s destined for bankruptcy. Insolvency is essentially a state of economic distress, whereas bankruptcy refers to the actual court order that summarises how an insolvent debtor will deal with unpaid obligations. This will usually involve selling assets to pay creditors and erasing debts that can’t be paid.

Written by

Chris Godfrey

Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance.

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