Safe and Insured welcomes the Supreme Court judgment in the Financial Conduct Authority’s (FCA)’s business interruption insurance test case bringing clarity to thousands of commercial policyholders in respect of their Business Interruption claims.
The implications for individual policyholders are now the subject of our immediate attention and we will be communicating more fully with those of our policyholders who have been impacted as soon as is practical
Please see below links to the FCA Statement and a briefing note issued by Herbert Smith Freehills who acted for the FCA.
Herbert Smith Freehills – Supreme Court Judgement in FCAs Covid-19 Business Interruption Test Case
Financial Conduct Authoprity – Business Interruption Test Case Judgement
Want to know more about business interruption insurance and what it covers? Check out our previous article here: Business Interruption Insurance Explained – Safe and Insured