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30 Aug 2023

Allwyn, incoming operator of The National Lottery, has urged independent National Lottery retailers to log on to its new online retailer portal via 

30 Aug 2023

Shop owners have expressed scepticism that the Home Secretary's recent call for every theft to be investigated by the police will come to fruition, suggesting that police resources are already...

29 Aug 2023

Consumer confidence is showing “renewed optimism” against a backdrop of falling core inflation, new figures suggest.
 

29 Aug 2023

Shop owners in a part of Coventry have rallied together to launch a street market, with hopes of boosting the number of people that visit the area.

25 Aug 2023

ACT Gold Member Reilly Cycleworks pushes expansion of UK dealer network with the appointment of ex-pro and world champion downhil MTBer Petra Wiltshire as field sales rep

24 Aug 2023

Cytech training provider Spokes People were recently asked by the Afghan National Team if they could suggest any way for them to be supported mechanically at the UCI World Championships in...

16 Aug 2023

Independent quality drinks retailers were woefully underrepresented among those consulted by government over the duty changes now hitting businesses, it has been claimed, after industry magazine...

16 Aug 2023

Online bookshop Bookshop.org has reached its target of raising £3 million in profit for independent booksellers in its fight for them to “thrive in the world of ecommerce”.

15 Aug 2023

A start-up craft baker from south-east London who sells his produce at local food markets has taken home five Great Taste Awards after only 16 months in business.

9 Aug 2023

VOLT e-bikes has announced the launch of a unique Cancel Anytime Subscription model in
conjunction with e-bike rental provider Blike.

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Businesses with a credit rating drop since COVID-19 can now make a claim to their insurers

Posted on in Business News , Cycles News , Political News

Many businesses, suppliers in partcalculator-icular, have found that their credit rating has been dropped since COVID-19.

There is an official form you can send to your credit company to claim back for your dropped credit score. An example can be seen here, although each provider will have their own version.

Your claim will be that you believe the government system to help businesses (Government Protection for Trade Credit Insurance) covers you. They are duty bound to act on this request.

To claim you must have been feasible pre-covid, your cover should be given back and should the worse happen and your business fails, the government will cover the liability.

The government are guaranteeing support until the end of December, but are discussing plans to extend until end of March 2020.

Should you need any help in acquiring the form from your insurers or are finding it difficult to get in touch with them members are asked to contact Graham Walsh (Graham.Walsh@abi.org.uk) and Ben Leich (Benjamin.Leich@beis.gov.uk) with details of the refusals or pushback that you're receiving from insurance providers.

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