Coronavirus: B&B owner faces ‘timebomb of debt’ after BI claim rejected by AXA

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The results from the FCA’s test case could come too late to save struggling SMEs that are facing daily financial hardship as a result of the Covid-19 pandemic. Insurance Times hears from Stamford House Bed and Breakfast about its claims experience and fears for the future

Insurance Times interviews Stamford House Bed and Breakfast owner Alison Spencer to hear how insurer AXA rejected her business interruption claim and how this is now having a drastic impact on her financial stability and the future of her business. We take a closer look at the policy wordings and timeline of events to continue out in-depth coverage of the raging BI debate. Read more…

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