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News Article

Trade Credit Insurance intervention

The Department for Business, Energy and Industrial Strategy (BEIS) have released a Q&A guide covering their recently announced Trade Credit Insurance guarantee.

Questions covered in the document:

  • How does it work?
  • When will this be implemented?
  • How is this different to the trade credit insurance support scheme that Government implemented in 2009?
  • Insurers haven’t been paying out on business interruption policies, why are we helping them out? / Is this a bailout for insurers?
  • How does this scheme work alongside other government support e.g. CBILS?
  • How do I access this scheme?

FIRA members can download the document below.

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

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