Simply Business Cancellation policy (Explained)

Simply Business is a United Kingdom-based insurance company. It provides insurance policies to different types of businesses. Not only business insurance, but it also provides landlord insurance.

Simply Business has a user base of around 800,000 people. Due to many such customers, it becomes necessary to have a solid cancellation and refund policy.

In this article, we will look at Simply Business’s cancellation and refund policy. After reading this article, you can know whether you are eligible for a refund or not.

What is the Simply Business Cancellation policy?

You can definitely get a full refund if you cancel the Simply Business insurance policy. However, like any other insurance company, Simply Business charges cancellation fees in most instances.

Simply Business cancellation fees vary according to the situation and policy of the policyholder. You should know that by canceling your insurance policy, you can no longer get insurance coverage in case something unexpected happens.

You should know that if you cancel your policy within 14 days of purchasing the policy, you can apply for a full refund. However, the company will deduct the charges of the services it provides during those 14 days.

Cancellation Policy.

Let’s see cancellation charges and other cancellation rules associated with Simply Business.

1. Simply Business charges £50 ($65.52) as a cancellation fee. You need to pay this fee to cancel your Simply business insurance policy.
2. In some instances, Simply Business can charge you up to $500 or 25% on any prepaid premium for certain premium carriers. 
3. If you couldn’t pay your insurance monthly dues, the charges would be collected from you at last. If any amount is due from your side, you need to pay it after canceling your insurance.
4. In most cases, you will surely get a refund if you cancel your insurance within 14 days of purchasing it. However, the company can charge different amounts on it. Contact Simply Business to get more information.

What Is Simply Business Refund Policy?

The refund amount can vary according to the situation. Different people have different policies and different monthly premiums. 

It becomes pretty tricky to predict the correct amount of Refund you will receive in this situation. However, let’s see some of the refund policy rules. However, to get a correct estimate of your refund value, you should contact Simply Business’s customer representative.

1. If you cancel your policy within the cooling period (14 days), you are entitled to a full refund, excluding some fees from Simply Business.
2. For any other refund request, you should contact Simply Business on 0333 014 6683.

Refund Eligibility.

Reason of Cancellation	Will you get Refund
In case you are in 14 days grace period	Yes, minus some charges
In case you have past 14 days grace period	Yes, minus cancellation charges

How to cancel Simply Business Policy?

To cancel your Simply Business Policy, you need to follow the below-mentioned steps,

1. Go to the Simply Business website and sign in to your account.
2. Select your policy and click on the cancellation button. 
3. Confirm your selection.
4. You can also email them to service@simplybusiness.com to cancel your policy.
5. You can also call them at 844-241-6648 to cancel your policy.

Once Simply Business accepts your cancellation request, it will take 30 days to get your Refund.

Summary Table-

Company Name	Simply Business
Is cancellation possible?	Yes
In which case is a full refund possible?	Each case if different. Contact Company for more information on refund
Cancellation mode	Online and via phone
Cancellation charge	£50($65.52)
14 days booking cancellation	Yes