Submitted on Monday 6th April 2020
Rejected on Monday 8th June 2020
Current status: Rejected
Rejection code: irrelevant (see below for details)
Insurance companies to pay out on Business Interruption Cover due to COVID-19
In the estate agency industry, sales of properties have been halted by the government, placing many businesses in jeopardy. Help us keep the economy going, in all industries, by forcing insurance companies to pay out on all policies under business interruption.
• Businesses would not need to claim to Furlough staff - employees remain employed
• Businesses could pay suppliers whilst in hibernation due to the government halting non-essential business
• Businesses could avoid taking out CBIL loans, as banks are not proactively offering affordable loans quickly
• Business owners could all pay their tax on time
• With insurance supporting businesses for loss of income many can continue to function and work from home while all staff retain their jobs
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
The Government e-Petitions Team gave the following reason:
The decision to pay out under a policy is one for individual insurance companies, not the UK Government or Parliament.
If you are unhappy with the decision of your insurer you should complain directly to them.
If you are unsatisfied with how an insurer responds to your complaint you may wish to contact the financial ombudsman: www.financial-ombudsman.org.uk/businesses/complaints-deal/insurance
You can find information about financial assistance available to businesses here: www.gov.uk/government/collections/financial-support-for-businesses-during-coronavirus-covid-19
You can find out more about coronavirus and how you can protect yourself and others here:
www.gov.uk/coronavirus
www.nhs.uk/conditions/coronavirus-covid-19/
The Government has also created an online service to help you out what you can do if you’re struggling because of coronavirus: www.gov.uk/find-coronavirus-support
You can read NHS tips to help if you are worried about coronavirus here: www.nhs.uk/oneyou/every-mind-matters/coronavirus-covid-19-anxiety-tips
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