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Professional Renaissance

Insurers must pay small firms for Covid lockdown losses

  • Writer: Professional Renaissance
    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.



Source: BBC News

 
 
 

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