Early day motion tabled by primary sponsor Lord Cotter (Liberal Democrat), on Tuesday, 19 November 2002, in the House of Commons. It is signed by 90 members in total.

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BUSINESS INSURANCE COSTS

That this House notes with concern the substantial increase in the insurance costs to business for employer's liability and public liability cover; further notes that businesses have had premium increases of 500 per cent. or more imposed, or have been refused insurance cover at short notice; recognises the recent findings of the British Chamber of Commerce survey, showing that 9 per cent. of manufacturing companies have been refused cover, along with 6 per cent. of other businesses; considers that the Government should take an urgent lead; and calls upon the Government to promote an enforceable code of conduct, ensuring a consistent and transparent approach by the insurance industry, and that an acceptable notice period is given when premiums are to be raised significantly or cover is to be withdrawn and to instigate an inquiry into this issue.

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Secondary information

Type

Early day motion

Reference

146 

Session

2002-03

Subjects

Codes of practice Costs Business Insurance

Link

View this Early day motion on www.parliament.uk