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Covid-19 (Coronavirus) update for existing clients
Dear Valued Customers,
The judgment today (15th Jan 2021) in the Supreme Court on the Financial Conduct Authority’s business interruption test case substantially allowed the FCA’s appeals and dismissed the insurers appeals. This is good news for those of our business insurance customers who have an unspecified diseases extension on their policy..
The judgment brings clarity for many of our customers who have been waiting to find our if their claims will be paid.
The Association of British Insurers has indicated that: “Customers who have made claims that are affected by the test case will be contacted by their insurer to discuss what the judgment means for their claim. All valid claims will be settled as soon as possible and in many cases the process of settling claims has begun.”
The judgment is detailed and we are working with industry bodies to better understand the full impact of the judgement. We will of course issue further information about what the ruling means for our customers in the coming weeks.
The team at Compare Insurance is on hand to assist you as far as we can with this, however, we would point out that we do not yet have any timescales for how long it will take insurers to review each claim. Therefore, your continued patience is greatly appreciated.
Compare Insurance Ltd
How it works
If you run your own business, we know how hard you work to make it a success and we can help reduce the load by making sure you to have the right insurance in place for your business.
As specialist commercial insurance brokers, our objective is to ensure you have the right policies in place, so you can focus on doing what you’re good at and running your business.
We understand selecting the correct levels of cover for your business insurance can sometimes be confusing, so we’re here to help identify your requirements and provide quotations from the UK’s leading underwriters.
It’s that simple.
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Why choose Compare My Insurance?
- Compare business insurance from UK’s leading insurers
- Highly trained and experienced teams
- UK business insurance & contact centre with the facility of a face-to-face appointments
- Customer friendly service at the highest standard
How can we help you?
As a commercial insurance broker, understanding our customer’s needs and helping them put the correct insurance in place to protect their business is very important to us.
The team at Compare Insurance specialise in all types of businesses from tradesman, takeaways, shops, restaurants, pubs, guest houses to self-employed professionals and all sizes.
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For any questions please contact us and we will get back to you as soon as possible.
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We can provide you with a quote tailored to your business needs and answer any queries you have.