Government Support Grants and Business Interruption...
Posted in Dispute Resolution on 21st Apr 2021
Here at Clime Associates we come across all kinds of different scenarios related to claiming compensation for business interruption due to the lockdown periods in 2020. Here is one specific example following a recent update from the Financial Conduct Authority (FCA).
I received a Government Support Grant in 2020/2021, can I still make a claim for business interruption?
Last month the FCA published updated guidance regarding Covid-19 Business Interruption Settlement and Deductions made with Government Support.
The FCA first commented on this...
Business Interruption Insurance Claims Case...
Posted in Dispute Resolution on 16th Mar 2021
Rockliffe Hall Limited v. Travellers Insurance Company Limited (2021) EWHC 412 (C) (omm)
On the 25th February 2021 the Honourable Mrs. Justice Cockerill handed down a Judgment in the latest Covid-19 business interruption insurance claim dispute to come before the Courts.
The case was brought against Travellers Insurance Company Limited over a dispute into the interpretation of the Disease Clause Extension of the Policy and whether it would extend to cover Covid-19 losses.
Mrs. Justice Cockerill found in favour of the Insurer, granting an Application...
Business Interruption Claims and The Enterprise...
Posted in General News on 8th Mar 2021
Late payments of valid insurance claims
Historically, an insured person or business had no right of action against their insurers for the late payment of valid insurance claims (the common law position).
Following the enactment of The Enterprise Act 2016, on 4th May 2017, insurance and reinsurance contracts written from that date will be subject to a statutory duty to pay claims to insureds within a reasonable period of time. Failure to do so will enable insureds to recover unlimited damages caused by the late payment of claims from their insurer....
