THE Federation of Small Businesses (FSB) is unhappy with the Government’s decision not to include small businesses in its flood insurance consultation.
Neil Eames, Development Manager, Federation of Small Businesses in Wessex, said: “It is of deep concern that Government has chosen not to include small businesses in its Flood Relief Scheme.
“FSB research shows one in five small firms were affected by flooding last year alone. If they can’t use this scheme, small businesses in areas at risk of floods will be forced to pay exorbitantly high costs to be insured against this threat.
“We want the Government to think again on this issue and we will be looking to Parliamentarians to table amendments to the forthcoming Water Bill.”
Details of the Flood Relief Scheme going through parliament can be found at http://www.money.co.uk/article/1009784-flood-re-what-it-means-for-your-home-insurance.htm The FSB is a leading business organisation and represents around 10,000 members in the Wessex region of Hampshire, Dorset and the Isle of Wight.
It aims to protect and promote the interests of the self-employed, and all those who run their own business More information about the FSB can be found at fsb.org.uk.