Business Interruption Insurance Coverage or rather the apparent lack of it has attracted the interest of the Financial Conduct Authority who have now embarked on a process to establish “legal clarity” on the position.
The FCA are therefore bringing a test case involving a number of insurance companies aimed at resolving some of the key contractual and causation issues for both policyholders and insurers alike.
The court hearing is likely to take place in the 2nd half of July . If you have experienced issues with making a Business Interruption claim you can sign up to be notified of any updates on this matter at FCA Business Interruption Insurance Email Updates
SME Support Forum Northern Ireland 