The concept of insurance is marvellous. Individuals or corporations pay to spread risk across a large community, creating a greater degree of financial security and peace of mind, regardless of what challenges might end up materialising.
AHAHAHhHhahahahAHAHA
Really shambolic. This industry should be overhauled.
Who knew?
How could an insurer at point of sale in say June 2019 underwrite a new communicable disease like Covid-19? Simple answer, without crystal ball they can’t. Ill thought out article designed to appeal to masses and look for scapegoats.
UK is a shit hole.
Why it's about clousure/non-clousure, why freezing measures can't be used? Postpone payments, fees, dues for 3 months...
CraoibhRua Shambles dont you mean crooked They will do everything in there power not to pay out A disgrace of an industry
It's the beginning. The virus will expose the entire ditch we are here in the UK in.
I've worked at one of these, they will do everything in their power to find a way to deny your claim. The reality of how poorly the UK protects and supports its workers is being laid bare. Expect a UBI announcement soon
Has it really ? 🤡 It's more likely that it has exposed thousands of business owners who didn't read the agreements or assumed events were covered when they were not. And even more who thought they would save a few bob by cutting corners.
Shambles? Is that a posh word for racket?
Who knew? 👍👍👍