Vero says a grants program offered to SME customers will help them rebuild momentum quickly as restrictions ease and government subsidies scale back.

The insurer is offering 25 grants with a combined total value of $250,000 to SMEs, with funds to be awarded by payment of an approved supplier invoice for advertising, equipment, business consulting or promotional printing.

Applications are open until the end of the month to eligible Vero Business Insurance, Vero Corporate Insurance and GIO Workers Compensation customers that have suffered financial hardship due to COVID-19.

“These grants will empower SMEs to choose the support that’s right for them. Vero will continue to back brokers, and their SME customers, as they get back to business,” Head of Commercial Intermediaries Anthony Pagano said.

The program comprises five grants with a value of $20,000, 10 grants for $10,000 and the remainder have a value of $5,000 each.

More details are available here.