Schools: Coronavirus

(asked on 19th March 2020) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government what discussions they have had with insurance companies about whether independent schools, particularly small independent schools, are able to obtain compensation for business interruption as a result of the COVID-19 emergency measures.


Answered by
 Portrait
Lord Agnew of Oulton
Minister of State (HM Treasury)
This question was answered on 30th March 2020

The Government is in continual dialogue with the insurance sector about its contribution to handling this unprecedented situation. It is also working closely with these educational institutions to understand the financial implications of COVID-19 and to provide financial support where it is needed and is appropriate.

For those businesses and charities which have an appropriate policy that covers pandemics and unspecified notifiable diseases, including independent schools, the Government’s social distancing advice of both 16 and 20 March is sufficient to allow them to make a claim against their insurance, provided the other terms and conditions in their policy are met.

The FCA’s rules require insurers to handle claims fairly and promptly; provide reasonable guidance to help a policyholder make a claim, and appropriate information on its progress; not reject a claim unreasonably; and settle claims promptly once settlement terms are agreed.

Insurance policies differ significantly, so businesses are encouraged to check the terms and conditions of their specific policy and contact their providers. However, most businesses and charities have not purchased insurance that covers losses from COVID-19.

The Government recognises that businesses and charities who do not have appropriate insurance cover will require support from elsewhere. As such, they should explore the full package of support set out by the Chancellor in the Budget, on 17 March, and on 20 March.

As the Chancellor announced on Tuesday 17 March, the Government will do whatever it takes to get our nation through the impacts of COVID-19.

This content was generated for your convenience by Parallel Parliament and does not form part of the official record.
Recent Documents related to Schools: Coronavirus

1. In a letter to the Digital, Culture, Media and Sport Select Committee (PDF)
07/04/2020 - The Charity Commission (Charity Commission)
- View source

Found: specifically to claim on insurance, and/or other forms of compensation? The Government has at all times acted

2. Impact Assessment from the Department for Business, Energy and Industrial Strategy
20/05/2020 - Bill Documents

Found: Present Value Business Net Present Value Net cost to business per year Business Impact Target

3. corresponding impact assessment
29/05/2020 - Regulatory Policy Committee (RPC)
- View source

Found: Present Value Business Net Present Value Net cost to business per year Business Impact Target

4. Letter from Oliver Dowden MP, Secretary of State for DCMS, re Covid 19 and the creative and charitable sectors, 30 March 2020
02/04/2020 - Inquiry: Letter from Oliver Dowden MP, Secretary of State for DCMS, re Covid 19 and the creative and charitable sectors, 30 March 2020 - Digital, Culture, Media and Sport Committee
- View source

Found: specifically to claim on insurance, and/or other forms of compensation? The Government has at all times acted

5. Statement of Excesses 2019-20 and Late Statement of Excesses 2018-19
22/02/2021 - HM Treasury
- View source

Found: Central Government Supply Estimates 2019-20Statement of ExcessesCentral Government Supply Estimates 2018-19Late

Latest Documents
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