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Is it right to claim coronavirus funding in case you hit trouble?

L

lookingforadvice

Member
Verified Member
I was reading about a business which was still in relatively good health but the owner was looking at taking advantage of current coronavirus funding out there. The suggestion was that this was more of an insurance policy as opposed to an immediate requirement. I must add, it was a loan not a grant and therefore would need to be repaid at some point. Is this ethical?
 
Needhelp

Needhelp

Active Member
Verified Member
Tricky one because if you dont and you need it further down the line, will it still be available?

Then again, planning ahead just incase would be normal sensible business practice in my book. At the end of the day, if you didnt need it after year one (with the government paying interest, etc) then just pay it back and there has been no cost to you.
 
W

Wowrec

New Member
All insurance policies are arranged like this: you pay money now, so that in the future, if there are problems, you will receive an even larger payout. Therefore, you need to assess the probability of trouble personally in your case. Most often, older people or people with a weakened immune system and chronic diseases are mentioned as victims of the coronavirus. However, anyone can get infected with the coronavirus. If there is a question about where to buy insurance and not lose money,I, as a specialist, can confidently recommend Healthplan.
 
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