The Supreme Court has ordered insurers to pay out hundreds of millions to businesses following claims made during the COVID pandemic.
Thousands of small firms have been waiting for money to cover losses from the first national lockdown, which they believed would be covered by business interruption insurance.
However, despite companies being unable to trade, many insurers – including the likes of Hiscox, RSA, QBE, Argenta, Arch and MS Amlin – refused to pay, arguing that only specialist policies covered such widespread closures.
The Supreme Court has now rejected this appeal, with insurance companies being urged to pay up on many policies.
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The Hiscox Action Group (HAG), representing 400 claimants, called the ruling a “full victory”.
MP for Manchester Central Lucy Powell also hailed the decision as a “relief”, saying “it shouldn’t have gone this far”.
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One firm representing companies that have suffered losses due to COVID-19 is My Business Solicitor – which is supporting claims for actual and forecast losses, loan charges, staff costs and rent.
The company warned businesses: “Many insurance companies will now approach previous and potential claimants to make a minimal offer of compensation in order to reduce their costs.
“You deserve more.
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“As lockdown measures tighten, there is no better time to claim.”
Sheldon Mills, from the Financial Conduct Authority (FCA), which brought the case on behalf of policyholders, said: “Coronavirus is causing substantial loss and distress to businesses and many are under immense financial strain to stay afloat.
“Today’s judgment decisively removes many of the roadblocks to claims by policyholders.
“We will be working with insurers to ensure that they now move quickly to pay claims that the judgment says should be paid, making interim payments wherever possible.”
You can find out if you’re eligible for a claim by visiting My Business Solicitor online.
Business
Morrisons introduces new quiet hours to make stores less ‘overwhelming’ for shoppers
Emily Sergeant
Morrisons has decided to extend its popular ‘Quieter Hour’ across the UK to help make its stores less “overwhelming” for shoppers.
Introduced earlier this month to mark World Autism Acceptance Week, and in a bid to turn what can be a daunting task for many people into “a calmer and more enjoyable experience”, the supermarket chain has announced an extension to its already popular initiative by adding new ‘Quieter Hours’ during weekday afternoons.
In case you weren’t aware, Morrisons first introduced its Quieter Hour all the way back in July 2018, and has been welcoming people who may struggle supermarket shopping environments through its doors ever since.
The initiative – which initially took place between 9am and 10am on a Saturday, and for the first hour of trade on a Sunday – originally began as part of the National Autistic Society’s ‘Autism Hour campaign’, after it was found that some neurodiverse people, including those with autism, can find shopping in a supermarket “overwhelming”.
Supermarkets can lead many people to experience increased sensitivity to light and sound, such as loud music, bright lights, and busy environments, and in turn, this can cause anxiety or, in some of the worst cases, even physical pain.
But now, after the trial has proved to be so successful and well-received, Morrisons has made the decision to extended the initiative to weekdays too, as well as weekends – with ‘Quieter Hours’ now also running every week from Monday to Thursday between 2-3pm.
The company says the extension is all with the aim of “helping even more customers”.
During ‘Quieter Hours’, Morrisons stores operate lower levels of lighting, turn music and radios off, avoid making tannoy announcements, reduce movement of trolleys and baskets, and turn checkout beeps and other electrical noises down.
“The weekly shop can be a daunting task for those who may struggle with noises associated with it,” commented Charlotte Exell, who is the Business Sponsor of Ability at Morrisons.
“At Morrisons, we are always looking for more ways to support customers, and as the Quieter Hour is incredibly popular in our stores across the nation, we have listened to customers and will now help more shoppers in our extended times.”
Featured Image – Morrisons
Business
The BBC is looking for Manc entrepreneurs for a new series of The Apprentice
Emily Sergeant
Reckon you’ve got what it takes to be Lord Sugar’s next business partner?
The current 2024 season of The Apprentice might be coming to a close, but the show is showing no signs of slowing down anytime soon.
In fact, there’s already a chance to apply for the next season of the hit TV show.
Whether you’re an experienced entrepreneur with a business-savvy mind, someone who’s always just fancied themselves for doing well in the field, or you have a business idea that you think could be the next big thing, everyone is encouraged to apply for the new series – and the BBC is particularly calling on people from Greater Manchester.
Basically, as long as “you think you’ve got the talent and confidence to impress Britain’s toughest backer”, then the show’s producers are keen to hear from you.
A casting call on the BBC website reads: “Could you be his next investment? If you think you’ve got the talent and confidence to impress Britain’s toughest backer, the process starts here. The winning candidate will receive an investment and go into a 50:50 business with Lord Sugar. Fighting it out for his investment candidates will take part in twelve tough tasks to win one life-changing opportunity.”
There’s a few simple questions to answer as part of the initial process, but the two major ones where you’ll have your chance to set yourself apart from the rest are:
Why should you be Lord Sugar’s business partner?
What’s the most impressive thing you’ve ever done in business?
The BBC is looking for Manc entrepreneurs for a new season of The Apprentice / Credit: BBC
Applications are now open and close on 1 December 2024 at 23:59, with successful candidates set to be contacted for interviews in the new year.
Initial interviews will be taking place across the UK, and at least two dates have been pencilled for Manchester, Leeds, and/or Birmingham, with additional interviews to decide on the final candidates then set to follow in early 2025, and filming for the series due to takes place for 10 to 12 weeks from 7 April – 22 June 2025.