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Cap unfair & ridiculous increases on commercial vehicle insurance.

Submitted on Friday 17th February 2017

Published on Friday 3rd March 2017

Current status: Closed

Closed: Tuesday 2nd May 2017

Signatures: 13

Petition Action

Cap unfair & ridiculous increases on commercial vehicle insurance.

Petition Details

Our specialist commercial vehicle insurance has risen from £1800 pa to £3400 pa for no reason, we have not made a claim & now have 1 years no claims discount, Insurance company refuse to provide an answer.
This is kind of increase will result in less vehicles and therefore less employees.

Additional Information

RSA insured our specialist truck-mounted carpet cleaning machine and van set-up last year with 0 NCD for £1800, this year they are asking for £3400 even though we have earned 1 years NCD and no changes.
I have invested over £75,000 in this machine and vehicle based upon us being able to insure it, I will now have to sell the setup and make 2 staff members unemployed. I also have another setup which is renewable in Sept, if the same happens the business will go under and 8 staff become unemployed


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