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Category: Business Interruption

BUILDING LEGACIES COVID BRIEFING – 5th November 2020

On Saturday 31st October the Prime Minister announced that the Government would be seeking Parliamentary approval for the introduction of a four-week ‘lockdown’ in England, starting at 12.01 am on Thursday 5th November 2020 and ending at 11.59 pm on Wednesday 2nd December. The changes are being introduced in response to the worsening Covid-19 situation…
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Urgent Building Legacies Briefing: Business Interruption Insurance (BII) Court Case

This briefing provides a summary of the outcome of the Court case brought by the Financial Conduct Authority (FCA) to clarify the law regarding claims against insurance policies resulting from the effects of Covid-19. BACKGROUND: Many companies and other trading organisations have commercial Business Interruption Insurance (BII), which is designed to give them cover –…
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Update on Business Interruption Insurance Court Case – 19/06/2020

What the test case will decide: The result of the test case, brought by the Financial Conduct Authority (FCA), will be legally binding on the insurers that are parties to the test case in respect of the interpretation of the representative sample of policy wordings considered by the Court. It will also provide ‘persuasive guidance’…
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