2 min read
How insurance factors in
Underwriting is driven by trading and affordability, not your insurance schedule. But cover that protects income and assets makes the business more resilient, which underwriters view positively, and legally required cover is expected.
Where it is expected
For asset-heavy or higher-risk businesses, appropriate insurance on the assets and against interruption is part of prudent operation. Read what insurance a company should have.
What it means for you
Credicorp lends to your company, not to you personally, and takes no personal guarantee. See business loans or apply online.
Frequently asked questions
Will insurance alone get me approved?
No. It is not decisive on its own. The decision rests on your trading and affordability, though good cover supports a picture of a resilient, well-run business.
Does a lender check my insurance?
For most unsecured lending, not in detail. Where assets or interruption risk are significant, appropriate cover is expected as sound practice.
Related reading
What insurance should a small limited company have?
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Read →What is business interruption insurance and why does it matter?
Business interruption insurance replaces lost income and covers ongoing costs when an insured event stops you…
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Does having a business continuity plan help my company?
A business continuity plan sets out how you keep trading through disruption — protecting revenue, staff and…
Read →Does having existing savings or a cash reserve help me qualify?
Yes — a healthy cash reserve reassures a lender and can improve both approval odds and terms. Retained cash…
Read →Funding for UK limited companies
Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.