Restaurants and traders around Borough Market were closed for more than 10 days after the terrorist attack by Islamic militants on June 3, which resulted in eight deaths and left 48 people injured, as they could not get past the police cordon.
According to firms in the area, no one has yet received a payout from insurers under their terrorism protection policies.
Despite hardship funds being set up and rents being waived, the enforced shut down many firms endured, along with the poor weather this summer and lingering security fears, have hurt their trading.
One restaurant owner, who declined to be named, said: “The insurers had the chance to do something good and pay out quickly and they haven’t.
“But if someone slips on your premises they are all over you in an instant.”
Under insurance industry rules, payouts can only be made once an event has been designated by the Treasury as “terrorism”.
The Treasury classified London Bridge as a terrorist attack at the end of June.
Source : EXPRESS