Insurers must pay small firms for Covid lockdown losses
- Professional Renaissance
- Jan 15, 2021
- 1 min read
Updated: Jan 6
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
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