The FSB research showed that one third of small firms in flood hit areas suffered from reduced demands for goods and services, while 29 per cent claimed transport disruption hindered the movement of supplies and goods.
Over one third of FSB members in flood hit zones expect it to be more difficult to renew their insurance, while over half (59 per cent) expect their insurance to become more expensive. John Allan, national chairman, Federation of Small Businesses, said: “In the past few weeks we have heard countless stories from our members who were left devastated by some of the worst flooding on record. “Not only have they had to cope with a lack of demand for their services, many have had to close. That is why Government support has been welcome, and with many still affected, why that support needs to be kept under review.”
“We also know small businesses are worried they will find it increasingly difficult and considerably more expensive to insure their businesses. Certainly the evidence we have from our members points to small businesses’ exclusion from the Flood Re scheme being unhelpful. “We want the Government and the insurance industry to look again at the support they have in place for small businesses in flood hit areas and see whether there is more help they can provide to ensure they have access to adequate and affordable insurance.” Imagesource
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.