Government has improved the terms of its Trade Credit Insurance Top-up Scheme, the initiative first introduced in May to help businesses who have struggled with reduced cover availability as a result of the downturn.
Three changes to the scheme have been made, based on feedback from businesses. Firstly, the price of the top-up cover has been halved to one per cent. Secondly, the £20,000 lower limit on top-up cover has been removed. Finally, the upper limit has been doubled to £2 million. Trade credit insurance allows companies to operate…
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