government trade credit insurance top-up

Government Trade Credit Insurance Top-up Goes Live

Government Trade Credit Insurance Top-up Goes Live

> Firms suffering from a reduction in credit insurance will from Friday 1 May be able to purchase up to six months top-up cover as part of the Government’s trade credit insurance scheme, announced in the Budget. Under the scheme, which goes live today and runs until 31st December this year, suppliers will be able to purchase Government-backed insurance to either restore cover to the original level or double the amount they are able to obtain from the private sector up to the value of £1m (whichever is the lower). Companies from all sectors and from all stages of the UK supply chain, which have suffered from a reduction in cover from 1st April 2009, will benefit from the increased certainty that this scheme gives – providing real and targeted help for British Businesses. T... »