The Association of British Insurers has published guidance on riot compensation. Under the Riot (Damages) Act 1886, compensation is provided for organisations and individuals who have suffered losses that they could not have anticipated.
This statutory scheme provides compensation regardless as to whether the persons and organisations are insured and there is no cap on the level of compensation payable by the policy authority. Any claim for compensation would normally have to be lodged within 14 days, but the Prime Minister has announced that the time period will be extended to 42 days.
The Government has also announced a £20 million “high street support scheme” to compensate local authorities that offer business rates relief for those organisations affected by the riots.