Trade credit cover recuperation requires more than just top-ups

Steve Foulsham Biba

Brokers have called for further action to assist the take up of trade credit insurance once the Government extends its top-up scheme.

Industry experts have welcomed the Department for Business Innovation and Skills' move to reduce the cost, abolish the lower limit of £20,000 and raise the upper limit of the scheme from £1m to £2m, but stipulated that more help was needed.

The top-up scheme is designed to tackle the reduction in trade credit insurance cover and runs until the end of the year.

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