Customers have written to the business secretary, Alok Sharma with their concerns
Hiscox could face legal action from its business customers over failing to pay out for disruption caused by the coronavirus.
A group led by PR firm – Media Zoo, which advises Sir Jim Ratcliffe’s Ineos - allege that Hiscox is trying to avoid paying out for what they believe are legitimate claims.
They have organised a letter to Alok Sharma, the business secretary, which says it ”refused to pay for legitimate business interruption claims,” according to The Times.
The policy insures against losses from ”an occurrence of any human infectious or human contagion disease”.
Hiscox claims the policy was meant for inability to access property due to a localised event, it is reported
But Mark Killick, of Media Zoo, says the policy terms are ”clear and unambiguous.”
Hiscox has been contacted for comment.
Read more…How bad could coronavirus claims get for insurers?
Not subscribed? Become a subscriber and access our premium content
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
No comments yet