In the event that you have been mis-sold your Business PPI policy and your complaint has been upheld, then you could be entitled to receive the following compensation:
- A full refund of all the premiums paid
- A full refund of any interest charged
- An award of compensatory interest calculated as 8% per annum flat on the above amounts
- Consequential Losses due to the business as a result of the mis-selling of the Business PPI policy, this could include loss of business opportunities and any extra payments made by the business because of the PPI policy
It may be the case that the sums of compensation awarded to businesses for Business PPI mis-selling are significantly higher than the awards made to consumers due to the larger size of transactions that a typical business undertakes compared to a consumer.