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

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