Cancelled Insurance Policies; Businesses in Financial Distress; and Bounce Back Loan Lockouts


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Whilst it is always wise to review your costs and overheads, new research has revealed that businesses are cancelling insurance policies to save on the premiums. Opening this week’s Bulletin, we look at the top 3 policies businesses are cancelling and the risks they are taking.
We review the latest Red Flag Alert report from Begbies Traynor, which highlights an increase in financial distress some businesses are now under. The jump in numbers between quarters is a reminder of how tough 2021 could be for some businesses.
To close the Bulletin, a call from the All Party Parliamentary Group for Fair Business Banking for the government to support those businesses locked out of applying for a Bounce Back Loan because they don’t have a business bank account.
0:00 Introduction
0:28 Cancelled Insurance Policies
2:17 Businesses in Financial Distress
3:44 Bounce Back Loan Lockouts
5:31 Outro

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