Business Interruption Insurance Claims: Update

On 22 January 2021, the FCA published its ‘Dear CEO’ letter to insurers following the recent decision in the Supreme Court Test Case. That letter set out the FCA’s intention to send an information request to insurers for updated details of all non-damage business interruptions policies that are capable of responding to the Covid-19 pandemic following the Court judgments.

This has been completed and the FCA has now published a list of insurers and policies as submitted by insurers which are, in principle, capable of responding to Covid-19. The policies listed cover over 200,000 policyholders.

Ellis Jones’ Banking & Finance Litigation solicitors have specialist knowledge and expertise across a broad range of areas. We act for a broad range of commercial clients in disputes with financial institutions and have recovered in excess of £60 million on their behalves.

If you feel you may have a valid business interruption insurance policy covering Covid-19, and are unhappy with a decision from the insurer on your claim, please contact either Paul Kanolik or William Fox Bregman or our Banking and Finance Litigation team by calling 01202 057733 or by email at banking@ellisjones.co.uk. We offer proportionate and transparent fee structures to help with your claim and can progress a Financial Ombudsman Service complaint or court claim against your insurer on a ‘no-win, no-fee’ basis subject to the merits of your dispute.

Our previous articles on this topic can be found here.