Monthly Archives: March 2021

Hot Business News Today

Insurers pay out nearly 40% of expected £1.2bn SME Covid bill

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Originally written by Anna Jordan on Small Business
Insurers have paid out on less than half of estimated business interruption loan claims since the Supreme Court tipped in favour of SMEs.
The test case weighed up whether SMES that claimed on business interruption insurance for pandemic-related losses should be entitled to it.
>See also: Small firms win pay-outs in Covid business interruption insurance ruling
More than 10,000 UK policyholders have received some money since the Supreme Court ruling in January, with the total topping £470m. However, thousands are still waiting for an answer, even though the court ruled that decisions should be made quickly.
The Financial Conduct Authority (FCA) released the first batch of claims data this week, based on admissions from insurers. It set out how many claims relating to the case had been accepted and repaid.
The regulator’s preliminary assessment last June showed that the total claims from this test case could be £1.2bn. It made clear that this was not a firm estimate and was set out before the Supreme Court’s ruling.
For 8,177 of the claims, where final settlements have been agreed and paid, a total of £280m had been paid out, according to the FCA. For the 2,030 claims that hadn’t been

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Hot Business News Today

Chelsea FC opens applications for free ad space to small London businesses

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Originally written by Anna Jordan on Small Business
Small businesses in London can apply for free social media advertising space on match days, courtesy of Chelsea Football Club.
Featuring inventory that’s only available to major partners, successful applicants will get a digital campaign headlined by a branded story on Instagram, published to 25.5m followers. In addition, chosen businesses will feature in half-time and full-time posts on match days.
>See also: 4 steps to help your small business grow on Instagram
The campaign wants to give local businesses access to Chelsea Football Club’s vast global digital community, giving them exposure on a massive scale.

How do I apply for the advertising space?
Applications are welcome from businesses with London postcodes which have fewer than 50 employees and a website. Successful applicants will be chosen by Chelsea FC on their efforts to launch, grow or sustain through the pandemic. The closing date is March 26.
You can register at Chelsea FC’s website.
This initiative is part of Chelsea Football Club’s ‘Proud of London’ campaign. The campaign was launched on March 16 to mark the club’s 116 years. The campaign was started by former Blues midfielder and life-long supporter Joe Cole. He narrated and starred in a short film (check

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