Business continues to count the cost of riots

Small businesses are continuing to pick up the pieces following last month’s riots.

Firms across the country are counting the cost of the widespread disorder, which gripped major cities for four days in August.

Shops, restaurants and other businesses were affected, with hundreds suffering physical damage and loss of stock. Many more were forced to close because of safety concerns.

Simply Business has dealt proactively with claims, and is continuing to help affected firms get back on their feet.

CEO Jason Stockwood said: “Since the riots, the team here have been working extra hard to help customers that have been personally affected to get quick access to the funds they need to start trading again.

“We have also been offering advice to individuals and businesses without any insurance on how to make a claim from the government.”

The time limit within which insurance claims must be made has been extended from seven to 42 days. If you believe that your business has a claim, you should act now. You can make a claim by phone or email, or through our online claims form.

The riots also provided a stark reminder of the importance of a suitable insurance policy. Tailored cover that meets the needs of your business should be a top priority.

If your business activities have changed or expanded, you should check that your policy is still sufficient. Make sure that you understand the relevant exclusions. If you are worried that your cover is no longer suitable, or if you are confused about the terms of your policy, you should contact Simply Business as a matter of urgency.

In the meantime, there is a range of organisations offering crisis loans or emergency grants to businesses suffering financial hardship. If you need short-term assistance you may wish to contact the High Street Fund, which has been set up specifically to help small businesses.

Above all, the riots have demonstrated the extraordinary resilience of the UK’s small businesses. Throughout the recovery process, Simply Business will be there to help your firm recover, survive, and thrive.

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