Insurers must pay small firms for Covid lockdown losses

Tens of thousands of small businesses will receive insurance payouts covering losses from the first national lockdown, following a court ruling.

The Supreme Court found largely in favour of small firms receiving payments from business interruption insurance policies.

For some businesses it could provide a lifeline, allowing them to trade beyond the coronavirus crisis.

The ruling could cost the insurance sector hundreds of millions of pounds.

Read the full story here: https://www.bbc.co.uk/news/business-55661702?at_custom4=B1925068-5719-11EB-9D28-2C640EDC252D&at_custom2=twitter&at_campaign=64&at_custom3=%40BBCBusiness&at_medium=custom7&at_custom1=%5Bpost+type%5D

Source: BBC News