What about my premises or office insurance?

The comments below are guidance and support to prompt you to think about the areas covered and points made. You should contact your insurer or Broker for advice before making any decisions about your own circumstances. The vast majority of standard SME insurance policies that provide cover for Business Interruption (Consequential Loss of Profits) will …

Can an employer put some or all of their scheme membership on a contribution holiday?

No. Minimum contributions required under automatic enrolment have not been suspended, so employers should continue to pay their own and forward their employees’ contributions to their scheme provider in the normal way. The Pensions Act 2008 includes safeguarding rules to protect employees from being taken out of a qualifying pension scheme unless they make that …

Corona-virus Business Interruption Loan Scheme (CBILS) access broadened

From Monday 6 April the Coronavirus Business Interruption Loan Scheme (CBILS) has been opened up to all viable small businesses, i.e. not just to those who could not secure regular commercial lending.  In addition under the scheme personal guarantees will not be taken for facilities below £250,000.   On a practical level the British Business Bank …