Firms with commercial insurance may wish to note the comments of one expert, who suggests small businesses in the UK are continuing to come up against barriers when applying to banks for loans.
Chris Gorman, spokesperson for the Forum of Private Business, advised small companies are still being subjected to high interest rates.
He said: "Banks have been very restrictive in their lending, and when they have been giving loans it has often been at a very high interest rate with excessive demands for security. Small businesses are really up against it when it comes to trying to get credit out of the bank."
Mr Gorman admitted that while the new government is doing everything it can to improve the situation, he does not think having targets for bank lending to small enterprises would be particularly helpful, as banks would find ways to dodge regulations.
His comments come in response to new findings from the Institute of Chartered Accounts, which show business confidence has weakened of late, something which could potentially lead to a rise in commercial insurance claims. 
