Rejected petition 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.

More details

• 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

This petition was rejected

Why was this petition rejected?

It’s about something that the UK Government or Parliament is not directly responsible for.

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 information about financial assistance available to businesses here: https://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

https://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: https://www.gov.uk/find-coronavirus-support

You can read NHS tips to help if you are worried about coronavirus here: https://www.nhs.uk/oneyou/every-mind-matters/coronavirus-covid-19-anxiety-tips

We only reject petitions that don’t meet the petition standards.

Date submitted 6 April 2020
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