We are all clinging on for dear life, say small firms as landmark business interruption insurance case reaches Supreme Court By Lucy White For The Daily Mail Published: 21:50 GMT, 16 November 2020 | Updated: 21:50 GMT, 16 November 2020 Desperate business owners accused insurers of leaving them ‘clinging on for dear life’ last night … Read more
Victory for small firms as insurers finally agree to pay out on business interruption policies By Daily Mail City & Finance Reporter Published: 21:51 BST, 21 October 2020 | Updated: 21:51 BST, 21 October 2020 Small businesses are celebrating a ‘huge win’ after insurer RSA decided to pay holders of certain business interruption policies. Hordes … Read more
‘Shameless’ insurers urged to pay up over Covid: Seven of UK biggest firms appeal High Court ruling By Lucy White For The Daily Mail Published: 21:54 BST, 29 September 2020 | Updated: 21:54 BST, 29 September 2020 Insurers have been branded ‘shameless’ for trying to wriggle out of payments to small businesses battered by coronavirus. … Read more
Victory for UK firms in virus insurance row: High Court judges order insurers to pay business interruption claims By Lucy White For The Daily Mail Published: 22:25 BST, 15 September 2020 | Updated: 22:25 BST, 15 September 2020 Thousands of British businesses are set for lifeline payouts after winning a landmark court victory against insurers. Companies … Read more
British firms are holding their breath as the courts prepare to rule on whether insurers who refused to pay out coronavirus business interruption claims were right to do so. Hundreds of thousands of small and medium-sized companies have faced bankruptcy since the pandemic began after being denied the financial lifeline, even though they spent years … Read more
Insurers are threatening to sue the very same companies taking them to court over unpaid business interruption claims. In recent weeks there has been a series of disagreements between firms forced to close due to coronavirus and the insurers refusing to pay out their business interruption claims. Policyholders are taking Hiscox to court in a class action … Read more
The Government’s small business coronavirus rescue loans were launched today, but some entrepreneurs say they are confused as to whether they can get help. The Coronavirus Business Interruption Loan Scheme was announced in the Budget and beefed up last week by Chancellor Rishi Sunak to sums of up to £5million, and is available through the British … Read more