Now that the Supreme Court Appeal has been concluded, we thought it would be helpful to provide you with some further information.
Unfortunately, the situation hasn’t changed for most policyholders as most policies provided no Business Interruption (BI) cover for COVID-19.
In an effort to bring some clarity, the Financial Conduct Authority (FCA) has published a list of policies that may be affected by the recent ruling including those that may pay COVID-19 related BI claims.
The list is not yet definitive and we understand that the FCA is likely to update it shortly. In the meantime, you may be interested in the FCA’s new online policy checker tool where you can see if your policy may provide cover and read answers to frequently asked questions (FAQs).
