Court rules on insurers over COVID business interruption claims
Posted on 16th September 2020 at 10:46
Courtesy of NACFB - 16/09/2020
Business owners forced to close their doors amid the coronavirus lockdown have been told their insurance claims must be paid following a
High Court judgment.
The FCA brought a test case in front of the High Court earlier this year after insurers rejected business interruption insurance claims - even where lost earnings due to a pandemic appeared to be covered in policy wordings.
Yesterday, the Court ruled on a representative sample of 17 policy wordings used by 16 insurers, after an eight-day hearing. The judgment found that most, though not all, of the disease clauses in the sample do provide cover.
The judgment found that most, though not all, of the disease clauses in the sample do provide cover.
The Court’s judgment can be found in full here.
Share this post: