HISCOX ACTION GROUP AND THE NIGHT TIME INDUSTRIES ASSOCIATION HAVE FORMED AN ALLIANCE TO FORCE HISCOX INSURANCE TO SETTLE BUSINESS INTERRUPTION CLAIMS
The UK’s two biggest Hiscox policy holder action groups have today joined forces to compel Hiscox to honour its business interruption insurance claims.
The alliance will allow for the sharing of information, the pooling of resources and closer collaboration in the legal actions against Hiscox.
MIchael Kill, CEO of the NTIA says, “This alliance will ratchet up the pressure on Hiscox. These policies have clearly been triggered and we are determined to do everything we can to get Hiscox to pay out quickly and in full.
Mark Killick, of the Hiscox Action Group Steering Committee, adds, “Hiscox’s behaviour has been disgraceful and is threatening thousands of UK businesses. By working together with the NTIA, we hope to force Hiscox to do the right thing before it is too late for many of our members”.
The HIscox Action Group and the Night Time Industries Association (NTIA) have today announced that they are forming an alliance to put pressure on Hiscox Insurance to pay out on its business interruption policies.
The alliance will allow for the sharing of information, the pooling of resources and closer collaborations in the legal actions being brought against Hiscox.
The two groups represent over 500 Hiscox policy holders with total insurance cover of over £50 million, For many of the policy holders, access to these insurance funds is the difference between their businesses surviving and going under.
NTIA’s members include bar, club and restaurant owners whose premises have been closed by the lockdown and who have closure insurance with Hiscox. They are represented by insurance brokers, NDML, and Philip Kolvin QC of Cornerstone Barristers who says, “The Hiscox policies we are relying on clearly cover government closure due to the cornonavirus. I hope very much that these claims can be met soon, and in full, to avoid the need for litigation”. www.hiscoxactiongroup.org
HISCOX Action Group Press Release
The Hiscox Action Group is a wide grouping of policy holders who have instructed Mishcon de Reya as legal counsel and had their legal action underwritten by Harbour, a leading litigation funder.
Richard Leedham is the Mishcon de Raya partner leading the action and he says, “I welcome this alliance with NTIA. HIscox has said that it did not intend to cover what has happened. This is irrelevant. We are looking at what is in the contract. Hiscox has provided a very broad form of wording and its natural meaning would cover someone whose business was interrupted by the lockdown