Insurance companies to payout Business Interruption Claims caused by Covid-19

Rejected 17 signatures

What the petition asks

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.

Why it was rejected

It asked for something that is not the responsibility of the UK Government or Parliament.

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: https://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: https://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: https://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"
Provide all small companies not entitled to existing support a grant of £25,000

Timeline

30 Apr 2020	Petition opened for signatures
10 Jul 2020	Rejected by the Petitions Committee

Key facts

Signatures 17

Status Rejected

Rejected 10 Jul 2020

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