Nova Business Finance has launched a new payment protection insurance to meet the needs of independent finance companies.

The policy protects policyholders if they are unable to make loan repayments due to redundancy, illness or death during the term of the loan.

The premium is usually paid up front and is added to the loan amount.

It is underwritten by Hitachi Credit Insurance Corporation – a wholly owned subsidiary of Nova's parent company, Hitachi Credit UK.

HCI has achieved the Crystal Mark for Clarity for its policy wording from the Plain English Campaign.


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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