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Archive for January 20, 2021

Business interruption claims and COVID-19: Good news for SMEs but what happens now?

Andrew Koffman

On Friday 15 January 2021 the Supreme Court delivered its eagerly awaited judgment in the test case between the Financial Conduct Authority (FCA) and various insurers.  The FCA was acting on behalf of policyholder businesses disrupted by COVID-19.

To the relief of SMEs awaiting the decision, the court found heavily in favour of the policyholders.

It is estimated that 370,000 policyholders could be directly affected.

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