There are many people who are refused cover when applying for office insurance simply because they have disclosed a discharged bankruptcy.
Credit agency’s take bankruptcy’s into account in the last 6 years. However, insurance companies and retailers will ask for details of ALL bankruptcies, ever, whether discharged or not and will normally refuse to offer cover if details are disclosed.
For many years now, SIS has been providing essential cover for office insurance to discharged bankrupts. All UK employers must by law provide a minimum of £10 million cover for employer’s liability, without this they will not be able to operate their business.
All claims will be settled by our insurers provided full disclosure of the bankruptcy is provided at policy inception.