Trade Credit Insurance Guarantee Launched

Government Launches Trade Credit Insurance Guarantee To Support Businesses During Covid-19

  • Trade credit insurance plays a significant role in construction, giving businesses the confidence to trade with one another. But due to COVID-19 and businesses struggling to pay bills, businesses have faced the risk of credit insurance withdrawn, or premiums increasing to unaffordable levels.
  • The Government has today announced Trade Credit Insurance will receive up to £10 billion of government guarantees.
  • The Trade Credit Reinsurance scheme, which has been agreed following extensive discussions with the insurance sector, will see the vast majority of Trade Credit Insurance coverage maintained across the UK.
  • The CLC  press release can be read here.

Latest news

Building Safety Webinars

The recordings of the latest series of webinars from the Building Safety Regulator (BSR) are now available to view on their YouTube channel