Submitted on Thursday 30th April 2020
Rejected on Friday 10th July 2020
Current status: Rejected
Rejection code: irrelevant (see below for details)
Insurance companies to payout Business Interruption Claims caused by Covid-19
Businesses have suffered heavy financial losses as a result of Covid-19 and it associated impact. Businesses took out Business Interruption Insurance for situations such as this. For insurance companies to now refuse to pay out is accepting the unacceptable. Government intervention is needed
Government intervention is required to get the insurance providers to honour business interruption policies that were taken out businesses precisely for situations such as the one businesses find themselves in today for no fault of their own.
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 out what Government support is available for businesses as a result of the coronavirus here: www.businesssupport.gov.uk/
You can find out about what Government support is available for people as a result of coronavirus (under the section on employment and financial support) here: www.gov.uk/coronavirus
You may wish to sign this petition calling on the Government to "Provide all small companies not entitled to existing support a grant of £25,000"
petition.parliament.uk/petitions/316889
3.129.45.92 Tue, 16 Apr 2024 21:43:01 +0100
