Business Interruption Scheme update

A useful update from the FCA regarding the High Court test case concerning Business Interruption (BI) Insurance.

Interestingly, the update also indicates a list of insurers and their respective policy wordings which are being looked at.

The FCA has today published an update on our High Court test case concerning business interruption (BI) insurance. You can find more information about this announcement in our press release or on our dedicated BI insurance webpage.

As part of this, we have published our proposed representative sample of 17 policy wordings and other key documents which will form the basis of the test case. We are inviting policyholders, their insurance intermediaries, insurers, other stakeholders and their legal advisers to provide their comments on these documents by 3pm on Friday 5 June.

If you would like us to assist you with any issues in relation to Business Interruption Scheme for your business, please do not hesitate to contact our dedicated team on [email protected] or  Michael Shapiro on [email protected] or 0207 822 2246 or Hateem Ali on [email protected] or 0207 822 2209.

https://content.govdelivery.com/accounts/UKFCA/bulletins/28e64c8

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