Trade credit insurance top-up scheme goes live

The Government's trade credit insurance top-up scheme, which was announced in Budget 2009, is now operational. As of 1 May, businesses suffering from a reduction in credit insurance will be able to buy up to six months' top-up cover. This will allow firms to either restore cover to the original level or double the amount they can get through the private sector, up to a value of £1 million. The scheme runs until 31 December 2009 and will make £5 billion of top-up cover available.

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Free Insurance Health Check for Companies

Aon have launched a new service for small and medium-sized businesses that offers free advice and assessments to ensure that their insurance is sufficient in the current economic climate.

The health check is available to all small companies with a turnover of between £2m to £20m and will include an insurance audit, a written report of its findings and recommendations on how firms can identify and manage risk exposures to ensure they have the correct level of coverage.

"We have to do more than just react to the challenges affecting SME businesses so Aon is taking a proactive approach with the Health Check to help SME businesses analyse their insurance programmes," said Gerry Callaghan, sales director of Aon's SME team.

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