Business insurance policy holders cannot afford to be complacent

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) August 25, 2010 -- Latest business insolvency figures have led experts to warn business insurance policy holders not to be complacent. Even though the numbers show only a 0.5% increase in company liquidations between the first two quarters of this year, we could see a further increase in the next few months according to R3 – the association of business recovery specialists.

R3’s president, Steven Law warned, ‘ The early stages of recovery are typically a challenging time for businesses as creditors begin to be more aggressive in their debt collection, but from what I am seeing, creditors are being more lenient than in previous recessions.’

This is interesting news for all types of business insurance policy holders, including SME’s.

Another consideration for businesses is the HMRC’s Time To Pay scheme, which is designed to help struggling businesses by allowing them to defer their tax payments. The scheme has been influential in keeping many businesses afloat.


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