Written Question·Treasury·UIN 22219
Small Businesses: Insurance
Tabled: 6 January 2025
Answered: 9 January 2025
Question
Anna Sabine
Liberal Democrat — Frome and East Somerset
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of putting a cap on insurance costs for small businesses.
Answer
Tulip SiddiqInsurers make commercial decisions about the terms on which they will offer cover following an assessment of the relevant risks. This is usually informed by the insurer’s claims experience and other industry-wide statistics. The Government does not usuall...
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