Covid 19 Update
February 4, 2021
Whilst we welcome the Supreme Court judgement on 15th January 2021 in favour of the Financial Conduct authority (FCA) and Policyholders, contrary to what has subsequently been reported in the press, it does not mean that all COVID-19 business interruption claims will automatically be covered.
The ruling applies only to a relatively low number of ambiguous policy wordings and, therefore, the majority of policies will still provide no cover for the pandemic.
Useful information on this subject can be accessed via www.fca.org.uk/firms/business-interruption-insurance/policy-checker.
