Business Interruption Claims FAQs
Posted in General News on 2nd Feb 2021
What is Business Interruption Insurance?
Many businesses do not take out Business Interruption Insurance as they mistakenly believe that losses can be adequately covered by other insurances such as buildings and contents policies. Whilst these policies can assist in remedying any damage caused by, for instance, a fire or a flood, they do not deal with consequential losses that flow from such events.
Unfortunately, this is being highlighted now more than ever. With this unforeseen external event causing consequential losses to the vast majority of...
Covid-19 & business interruption insurance...
Posted in General News on 15th Jan 2021
The Supreme Court today has ruled that insurers should pay out under business interruption clauses that were being disputed and were brought as a result of the coronavirus pandemic.
This relates specifically to a number of insurance claim disputes between small businesses who had been negatively impacted by the first lockdown in March 2020 and their insurers. This includes thousands of businesses such as hairdressers, restaurants, pubs and more.
These small businesses will now receive a payout from their insurer as a result of the ruling, which...
Coronavirus: New Rules Regarding Possession...
Posted in General News on 27th Jul 2020
The Coronavirus pandemic has had a huge economic impact on the UK. Many workers have been furloughed or made redundant and this has had a consequent effect on their ability to pay their mortgage.
As part of the government response, all claims for possession proceedings, whether due to rent arrears or other reasons, were stayed and that stay currently expires on 23 August 2020.
To assist the Court when possession proceedings start again, the Court has introduced detailed new rules that modify the usual possession process. These are due to last until...
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