New charges that could help small brokers recover overdue premiums may go unused, according to research by www.startups.co.uk.

The rules allow businesses to claim up to £100 for the recovery of ove ...

New charges that could help small brokers recover overdue premiums may go unused, according to research by www.startups.co.uk.

The rules allow businesses to claim up to £100 for the recovery of overdue bills. But a poll of over 100 small firms showed that over 40% will not use the charges.

The research ties in with the concerns of The British Chambers of Commerce.

It believes the charges are more likely to benefit larger businesses that have the resources and power to impose debt penalties without worrying about losing trade.

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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