What is Business Interruption Insurance?
Business Interruption Insurance is designed to help businesses that have faced disruption. By covering their costs until they can resume normal trade.
When insurers fail to pay out, small businesses can be left in financial difficulty. During the COVID-19 pandemic, many insurers contested Business Interruption Insurance claims.
On the 15th of September 2020, the High Court ruled in favour of businesses. That decision was appealed but subsequently overruled by the Supreme Court on 15th January 2021.
What can be done when my insurer will not pay out?
Our partners are experts in business insurance and specialists in representing SME clients with their Business Interruption Insurance claims.
These forensic accountants and specialised legal teams;
- understand complicated insurance polices
- understand legal jargon and,
- can fully represent you in a legal case.
What can I claim and how much will it cost?
There are several types of insurance policies and claim types that can be challenged under the recent Supreme Court rulings:
- Disease clauses - clauses which, in general, provide cover for business interruption losses resulting from the occurrence of a notifiable disease, such as Covid-19, at or within a specified distance of the business premises;
- Prevention of access / public authority cases - clauses which, in general, provide cover for business interruption losses resulting from public authority intervention preventing or hindering access to, or use of, the business premises;
- Hybrid clauses - clauses which combine the main elements of the disease and prevention of access clauses.
- Our partners operate a No win, no fee service.
