A test case bought by the Financial Conduct Authority sought to clarify insurers’ liability for payouts due to the pandemic. The High Court ruled in favour of the FCA’s arguments bought on behalf of policyholders “on the majority of the key issues”.
Most small business policies focus on property damage and have only basic business interruption cover as a consequence of property damage. However, some policies also cover business interruption from other causes including infectious or notifiable diseases.
