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9 May 2020

Are businesses getting scammed by insurance companies?

Well, being closed down overnight isn’t the only problem facing the pub and restaurant sector. While most don’t have insurance policies that pay out the event of a pandemic, some say infectious disease clauses do cover them, and that the money could mean the difference between surviving and going bust.

The financial watchdog the FCA has begun an investigation into the policies which could cost the insurance industry tens, if not hundreds, of millions of pounds in payouts.