Increasing Uptake of Business Insurance Following Government Boost for SMEs

LONDON, April 16, 2012 /PRNewswire/ --

Many business owners are now better able to undertake investment following a government-backed scheme to promote cheaper lending to small and medium-sized enterprises. This has led many small business owners to consider different business insurance options to protect that investment.

The Government recently confirmed that banks will be offering loans at a 1% discount to small and medium-sized businesses on their standard business rates as part of the National Loan Guarantee Scheme. About £5bn of government-guaranteed borrowing has been made available in the first tranche, with up to £20bn to be provided to SMEs over the scheme's two-year period.[1]

However, the business owners who are taking advantage of these loans are seeking to ensure the success of their investment. This has led many to visit price comparison websites such as comparethemarket.com to find the right business insurance. For a growing number of business owners, the right level of cover has become increasingly important.

Andrew Stocks, Director at comparethemarket.com said: "We understand how important it is for small businesses to be insured. However, we also recognise that every person and every company is different. This is why the business insurance comparison service at comparethemarket.com allows people to compare a selection of trusted specialist insurance providers that are tailored to suit almost all businesses."

Specialising in more than just business insurance, comparethemarket.com provides customers with an easy way to find the right deal on a wide range of insurance and financial products including car, home, van, bike, life and pet insurance and most recently credit cards and loans.  It also offers comparisons for a range of household utilities including electricity, gas, phone, broadband and digital TV.

[1]http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9154021/Credit-easing-Small-businesses-to-get-20bn-of-guaranteed-cheap-loans.html

About comparethemarket.com

  • comparethemarket.com was launched in 2006 and has grown rapidly over the past six years to become one of the UK's leading price comparison websites.  
  • comparethemarket.com provides customers with an easy way to make the right choice for them on a wide range of products including motor, home, life, travel and pet insurance as well as utilities and money products such as, credit cards and loans.
  • comparethemarket.com actively selects its brand partners, working with the best and most trusted organisations to ensure quality service to consumers.

comparethemarket.com is a trading name of BISL Limited.  BISL Limited is authorised and regulated by the Financial Services Authority.

Registered Address: Pegasus House, Bakewell Road, Orton Southgate, Peterborough, PE2 6YS. Registered in England number 3231094.


SOURCE comparethemarket.com

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