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Policy

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Unfair Trade Practice Exclusion

This exclusion stops insurance being used to defend dishonest commercial behaviour such as bait advertising, fake testimonials, or deceptive pricing. For instance, if a business misleads customers about a product and faces penalties, the insurer will not pay those fines. Why it matters: It reinforces ethical business standards and ensures insurance supports fair trading, not deliberate misconduct.

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This exclusion stops insurance being used to defend dishonest commercial behaviour such as bait advertising, fake testimonials, or deceptive pricing. For instance, if a business misleads customers about a product and faces penalties, the insurer will not pay those fines. Why it matters: It reinforces ethical business standards and ensures insurance supports fair trading, not deliberate misconduct.

Related Term

All Category

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