Looks like the insurance companies have had their objections kicked out for paying out to companies for inability to trade claims. I hope we had a legitimate claim in for this. It would be a game changer for sure.
Where’s Cropley Was God when we need an explanation? 🤔
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Thread: Loss of income insurance
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15-01-2021 01:27 PM #1
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Loss of income insurance
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15-01-2021 01:29 PM #2This quote is hidden because you are ignoring this member. Show Quote
Sure someone else said Hibs had insurance too
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15-01-2021 01:43 PM #3This quote is hidden because you are ignoring this member. Show Quote
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15-01-2021 02:07 PM #4
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Also wondering what impact this may have on government payments, past and present, to these same companies.
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15-01-2021 02:56 PM #5
I wonder if insurance companies can insure themselves against failure to wriggle out of paying for something?
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15-01-2021 03:03 PM #6
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I’d be surprised if a policy didn’t have a maximum figure for a loss of business pay out.
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15-01-2021 03:39 PM #7This quote is hidden because you are ignoring this member. Show Quote
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15-01-2021 03:50 PM #8This quote is hidden because you are ignoring this member. Show Quote
What Hibs or any business would get back would depend on how any policy wording has been adjudged in court to cover the pandemic and how other terms may limit cover in respect of period or sum. Some policies will be better than others.
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15-01-2021 04:02 PM #9
Considering how insurance companies look for ways to wriggle out of anything they border on a scam for so many types of policies. Any news story of the insurance companies getting told to pay out is a good thing. Almost as bad as the bookies.
Do you think your security can keep you in purity, you will not shake us off above or below. Scottish friction, Scottish fiction
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15-01-2021 04:20 PM #10This quote is hidden because you are ignoring this member. Show Quote
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15-01-2021 04:38 PM #11This quote is hidden because you are ignoring this member. Show Quote
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15-01-2021 04:40 PM #12
There was a thread on insurance last year
Basically saying the Americans insured everything
Here’s hoping Ron did likewise for Hibs
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15-01-2021 04:43 PM #13
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15-01-2021 07:17 PM #14
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Sent from my F5321 using Tapatalk
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15-01-2021 10:09 PM #15
The earlier posters are right in sighting Business Insurance cover may help with the claims of businesses if they have it included in their policies.
It usually follows the fire and perils risk of the policy cover requested at the inception of the policy.
The policy wording, terms and conditions are the important part and a lot of people dont pay attention to this and think they are covered for everything.
There are various types of policy covers available and the package type policy will include loss of earnings under the Business Interuption if the shop is closed by want of any of the applying perils. But what would a"world pandemic" be classed as though?
its not terrorisim or an act of God.
It only covers a percentage of the sums insured so you wont get the full amount on payout and it will be less any excess attached to the policy.
Id advise everyone thinking of claiming under a business insurance to check the terms and conditons of the policy cover, just incase and if you have a copy of the original proposal form have a look and see what you asked for at inception.
I hope this helps a wee bit and i wish you all the best of luck in getting paid out.
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