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...
Insurers remain reluctant to pay business...
Posted in Dispute Resolution on 3rd Mar 2021
On 28 February 2021 the Sunday Times reported that FTSE 250 insurer Hiscox offered a struggling East London café owner $13.00 in settlement of its business interruption claim.
The London café claimed for more than 3 months’ loss, comprising of $1,600 a month in rent and $2,500 a month in stock, after it faced closure due to the Government’s response to the Covid-19 pandemic. The café had said it had been “battling bankruptcy” due to closure, like many other businesses in the UK today.
It was reported by sources close to the FTSE insurer that only...
Have you checked your business interruption...
Posted in Dispute Resolution on 24th Feb 2021
As many people will already know, the Supreme Court recently ruled in favour of small businesses whose insurers have refused to pay claims for business interruption losses as a result of the lockdowns from the past year.
This means that hundreds of thousands of business owners across the country are now entitled to claim compensation, which could be a commercial lifeline at a time of severe economic strain.
But, many will not come forward as they may not understand their insurance policy wording correctly or they may have already had their claim...
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