Submitted on Monday 8th March 2021
Rejected on Monday 15th March 2021
Current status: Rejected
Rejection code: irrelevant (see below for details)
Force insurance Companies to honour claims under Business Interruption clause.
Make Business Insurers accept and payout for claims for COVID-19 under the business interruption clause: using semantics to wriggle out of their commitments leading small businesses (that have had to close under government policy for 8 months out of 12) to face ruin is despicable and unethical.
Business insurers have happily taken premiums for Business Interruption and are now getting away with using small print to get out of honouring policies. Closing businesses for 8 out of 12 months means business has indeed been interrupted and stating that as COVID19 is a new disease and not listed on policies is beyond repugnant.
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:
Decisions about paying out under an insurance policy is a matter for the insurance provider, not the Government or House of Commons. If a policy holder believes an insurance provider has made an incorrect decision, they can challenge this by complaining or taking legal action.
The Financial Conduct Authority has published advice and guidance for people with business interruption insurance, which you might find helpful: www.fca.org.uk/firms/business-interruption-insurance
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