CreditProtect™

Download an application form below

Safeguarding Contractors

One of the risks of being an independent contractor is not getting paid in the event of your agency or client company going bust.

Obtaining work through a company that becomes financially insecure can prove a costly mistake. Peace of mind is now possible with CreditProtect™. This innovative indemnity product will reimburse you for losses you may suffer as a result of your agency or client becoming insolvent

This product has been designed specially for clients of the Albany Group and will ensure our contractors can work without fear of not getting paid. The main points relating to this indemnity are as follows:

Benefit available to all contractors operating through an Albany Group company
Up to GBP 25,000 (or equivalent in Euros or US$) cover is available to reimburse you for any losses suffered as a result of the insolvency of your agency or client
GBP 50,000 indemnity limit for any one agency or client company
No excess payable in the event of a claim
Simple claims procedure
Fast payment of benefit

What does CreditProtect™ cost?

The cost of this indemnity is only £35 per month, or £8 per week for the duration of your contract, which will be deducted from the fees we collect from your agency or client. The net cost after tax relief is shown below.

	Gross Cost	Net Cost - 40% Tax Payers	Net Cost - 25% Tax Payers
Monthly Cost	£35.00	£18.31	£22.89
Weekly Cost	£8.00	£4.18	£5.23

Can I have more information on CreditProtect™?

Full details of the credit indemnity can be provided on request or can be downloaded from here here.

How do I obtain CreditProtect™?

In order for us to provide you with cover we require you to download and complete a simple application form.