Thursday, 17 September 2020
The High Court has handed down the much-awaited judgement on a well-publicised legal case by the Financial Conduct Authority (FCA) against a number of insurers that tests whether they should pay out on claims for Covid-related losses under business interruption cover. Chris Mallett, associate director at insurance firm Aston Lark’s Derby office, explains what it means for businesses.
The judgement is complex and runs to more than 150 pages. It is clear, however, that the High Court has agreed a number of policies do provide insurance cover for business interruption losses as a result of Covid-19 – bringing welcome news for a number of businesses that have
link source - East Midlands Chamber