Customers have written to the UK 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 by sister publication Insurance Times.