Archived News Article

Trade Credit Insurance guarantee

This news article has been archived for reference only. It should not be relied upon for up-to-date information

Businesses with supply chains which rely on Trade Credit Insurance and who are experiencing difficulties maintaining cover due to Coronavirus will get support from the government.

Trade Credit Insurance provides cover to hundreds of thousands of business to business transactions, particularly in non-service sectors, such as manufacturing and construction. It insures suppliers selling goods against the company they are selling to defaulting on payment, giving businesses the confidence to trade with one another. But due to Coronavirus and businesses struggling to pay bills, they risk having credit insurance withdrawn, or premiums increasing to unaffordable levels.

To prevent this from happening, the government will temporarily guarantee business-to-business transactions currently supported by Trade Credit Insurance, ensuring the majority of insurance coverage will be maintained across the market. This will support supply chains and help businesses to trade with confidence as they can trust that they will be protected if a customer defaults on payment.

See more on the Government announcement.

> See all Covid-19 news from the Furniture Industry Research Association here.

This content is for Research Association Members only - Please login to view

If your company is a Member and you need a login please click here

Or to gain free access to our publications Become a Member

You may be interested in
entries related to...

Covid-19
26 Entries

  • 'The future of the office and office workers' report

    'The future of the office and office workers' report

    News October 2020

    BCFA reveals seismic change in the way we work now is here to stay

  • Covid-19 SME Cyber survey

    Covid-19 SME Cyber survey

    News August 2020

    SME experiences of working from home and dealing with organisational cybersecurity

  • Support for small businesses to survive and thrive beyond COVID

    Support for small businesses to survive and thrive beyond COVID

    News August 2020

    Small Business Leadership Programme and Peer Networks Programme launch

  • Recovery Advice for Business scheme

    Recovery Advice for Business scheme

    News July 2020

    Access free support from experts and help your business recover from the impact of Coronavirus

  • Beyond 100 days of home working

    Beyond 100 days of home working

    News July 2020

    Guides on the ergonomics of home working, full practical tips for any new, or a seasoned home worker

  • Staying COVID-19 Secure in 2020: notice

    Staying COVID-19 Secure in 2020: notice

    News July 2020

    Updated to reflect the change in the 2m social distancing rule

  • Government provides further halt to business evictions

    Government provides further halt to business evictions

    News June 2020

    New code provides support to shops and local firms planning their future recovery

  • Reopening safely during coronavirus

    Reopening safely during coronavirus

    News June 2020

    New tool to help businesses identify whether they can reopen safely

  • Provide insight and analysis to BEIS

    Provide insight and analysis to BEIS

    News June 2020

    Input on measures needed to support economic recovery

  • Local Authority Discretionary Grants Fund

    Local Authority Discretionary Grants Fund

    News June 2020

    Support for small and micro businesses in England

  • Small Business Commissioner updates

    Small Business Commissioner updates

    News June 2020

    Late payment support through the coronavirus virus

  • Apprenticeships during COVID-19

    Apprenticeships during COVID-19

    News June 2020

    Guidance for apprentices and employers

  • Impact of COVID-19 on the Furniture and Furnishings Industry

    Impact of COVID-19 on the Furniture and Furnishings Industry

    News May 2020

    All-Party Parliamentary Furniture Industry Group (APPFIG) report

  • Coronavirus business support blog

    Coronavirus business support blog

    News May 2020

    New case studies from businesses making their workplaces COVID-secure

  • Trade Credit Insurance intervention

    Trade Credit Insurance intervention

    News May 2020

    New Q&A available

  • Working safely during coronavirus

    Working safely during coronavirus

    News May 2020

    Covers factories / warehouses. homes, offices, shops, vehicles

  • Government COVID-19 recovery strategy

    Government COVID-19 recovery strategy

    News May 2020

    The strategy sets out a cautious roadmap

  • Coronavirus (COVID-19) Businesses and Employers Bulletin

    Coronavirus (COVID-19) Businesses and Employers Bulletin

    News April 2020

    Sign-up to receive Government alerts

  • Inquiry on the impact of COVID-19

    Inquiry on the impact of COVID-19

    News April 2020

    Video conference on 30 April.

  • Secretary of State: letter to retailers and manufacturers

    Secretary of State: letter to retailers and manufacturers

    News April 2020

    Support to keep supply chains moving

  • Supporting with COVID-19 knowledge

    Supporting with COVID-19 knowledge

    News April 2020

    New central resource for COVID-19 information

  • Social distancing in the workplace

    Social distancing in the workplace

    News April 2020

    BEIS publishes advice applicable to furniture sector

  • BSI releases suite of best practice standards

    BSI releases suite of best practice standards

    News April 2020

    Risk and business continuity standards publicly available

  • BFC: COVID-19 activity review

    BFC: COVID-19 activity review

    News March 2020

    Letter to the Chancellor, engagement with BEIS, APPFIG work

  • BFC Briefing on COVID-19 Business Assistance

    BFC Briefing on COVID-19 Business Assistance

    News March 2020

    Support the Government has made available for businesses

  • COVID-19 - Coronavirus update

    COVID-19 - Coronavirus update

    News March 2020

    Business Readiness Bulletin – 11th March 2020