Bad Debt Protection or BDP is also often referred to as credit insurance. It protects against the default of an invoice, providing security to our customers should the end client go bankrupt, into liquidation, or refuse to pay. This means our customer may be able to reclaim some of the money outstanding with the end client.
BDP is dependant on an end-client’s credit history, hence it can be lowered or removed if there seems to be a credit risk.
It does not protect against fraud.
Raise provides BDP to our customers (largely recruitment agencies) if available.