Neil Parish has written to the Chancellor of the Exchequer, Rishi Sunak, urging him to press hard on insurance companies who are flouting their responsibility to their customers.
Several businesses, including retail and hospitability establishments, have been refused compensation by their insurance providers during the Covid-19 outbreak. The pandemic hit just as the peak season for the sectors began. Businesses, which bought business interruption insurance in good faith, have been left out-of-pocket and without compensation.
Insurers, such as the RSA Insurance Group, state it was the government’s lockdown, not the disease that lead to an interruption of business.
As Neil states in the letter:
“Businesses do not pay weighty premiums only to be refused compensation due to arbitrary justifications. Insurers must no longer neglect the responsibility they have to their customers and pay their fair share during this unprecedented period.”
To view the letter, please follow this link: https://twitter.com/neil_parish/status/1263048036630106112?s=20