The FCA have taken their next step to seek legal clarity on Business Interruption Insurance following the COVID-19 crisis.
Why are the FCA taking this step?
Broadly, the result of the test case will be legally binding on the insurers that are party to the case and it will also provide a persuasive case for similarly worded policies.
If you would like to read a summary report, please click HERE for an article we have copied on Linkedin.
For a more in=depth report including the particulars of the claim and some policy wording examples from the FCA website please click HERE
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