Business interruption insurance – policy checker. First published: 29/01/2021 Last updated: 23/03/2023 See all updates. Find out if your insurance policy may cover Find the latest data we have collected (as of 6 March 2023) from all affected insurers on the progress of their non-damage business interruption (BI) insurance claims. Please see the
Covid-19: FCA Business Interruption Test Case - Unresolved Issue and Wider Implications of Supreme Court Judgement. On 15 January 2021, the Supreme Court handed down its This prompted the Financial Conduct Authority to launch a test case in the courts to provide clarity on business interruption policy clauses.The case was based on a
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The FCA’s position was that the clause covered the business interruption consequences of a Notifiable Disease wherever the disease occurs, provided it occurred (i.e. there is at
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If your policy only covers disease ‘at’ the premises, your type of policy wording was not considered in the FCA’s test case, which was not designed to resolve every possible issue under
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