Submitted on Wednesday 8th April 2020
Rejected on Tuesday 9th June 2020
Current status: Rejected
Rejection code: irrelevant (see below for details)
Business interruption insurance - UK Gov must force insurance companies to act
UK insurance companies are failing to support UK businesses that are struggling as a result of forced closures to prevent the spread of Covid-19. Insurance companies are failing British businesses and the only way to stop this is by the UK Government forcing insurance companies to act.
UK insurance firms are consistently failing policyholders with valid business interruption insurance claims due to Covid-19. Reinterpreting policy wording and finding every possible way to reject valid claims. Parliament must act to prevent these practices continuing and force insurance companies to act.
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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 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 find 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
You can read impartial analysis of the Government response to coronavirus and policy developments here: commonslibrary.parliament.uk/coronavirus/
You may also be interested to know that because of the large number of petitions that have been started in relation to coronavirus, the Petitions Committee has been questioning the Government about its response to the coronavirus outbreak.
Find out more: committees.parliament.uk/work/192/the-governments-response-to-coronavirus/
3.15.186.124 Sun, 16 Jun 2024 02:00:25 +0100
