Applications for the Trade Credit Reinsurance Scheme are now closed.
The Trade Credit Reinsurance Scheme ensures that trade credit insurance coverage and credit limits are maintained during the coronavirus pandemic, helping businesses to trade with confidence.
The scheme is open to eligible insurers operating in the UK market.
The scheme is available until 31 December 2020, backdated to 1 April 2020.
The Scheme Rules set out how insurers can apply for the scheme. It includes information about:
- who can apply
- the application process
- reporting requirements
The scheme is not open to individual businesses.
If a business feels that their coverage has been withdrawn unfairly they should contact either their previous insurer about reinstating cover, or look to arrange new cover under the same conditions as their previous coverage.