Share Prices & Company Research

Market News

09 Aug 2024 | 15:43

FSB calls on home secretary to help riot-affected SMEs

(Sharecast News) - Small business group the National Federation of Small Business implored home secretary Yvette Cooper to help facilitate fair treatment of small and medium-sized enterprises by the insurance industry in the wake of rioting that has swept Britain in the last ten days. According to Sky News, the FSB also sought coordinated efforts from Westminster, police and crime commissioners to communicate how uninsured small companies can claim for lost earnings under the Riot Compensation Act.

"We will be looking for government support to ensure insurance companies treat small business claims with care and attention, and process them swiftly," said FSB chairman Martin McTague. "However, if post-riot support is not activated and small firms are not signposted, many without insurance could be left without any compensation to restart their business."













Reporting by Iain Gilbert at Sharecast.com
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new portfolio or transferring your portfolio from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.