Supreme Court Upholds COVID-19 Business Interruption Ruling

A new ruling by the Supreme Court will help thousands of business interruption insurance policyholders recover from the financial ramifications of the coronavirus pandemic and resulting closures. The ruling was issued on 15th January 2021. Background The court’s decision stemmed from an appeal of a test case brought by the Financial Conduct Authority (FCA) in […]

Commercial Insurance Profile – November 2020

What to Know About the FCA’s Business Interruption Case Ruling It’s no secret that the coronavirus pandemic and resulting lockdown has caused a number of major disruptions for organisations of sizes. Many employers have had to alter their direction, slow down operations or even shut down completely. With that in mind, in May, the Financial […]

Common Business Interruption Policy Extensions

Unless they are able to resume operations within five days, an estimated 90% of small businesses fail within a year of experiencing a large-scale disaster, according to financial experts. That’s why it’s crucial for organisations like yours to have business interruption (BI) insurance. At a glance, BI cover offers protection for loss of income in […]

How COVID-19 could impact your business’ insurance

“Most commercial insurance policies are unlikely to cover pandemics or unspecified notifiable diseases, such as COVID-19. However, those businesses which have an insurance policy that covers government ordered closure and pandemics or government ordered closure and unspecified notifiable disease should be able to make a claim (subject to the terms and conditions of their policy). […]

Business continuity during the COVID-19 pandemic

In the event of a pandemic – such as the coronavirus disease 2019 (COVID-19) – businesses will play a key role in protecting employees’ health and safety as well as limiting the negative impact to the economy and society. With this in mind, planning for a pandemic is critical. To assist you in your efforts, […]