Announcement of Supreme Court Ruling on Business Interruption Test Case

Earlier today, Friday 15th January 2021, the Supreme Court gave it’s ruling on the Business Interruption (BI) test case that was brought by the Financial Conduct Authority and a panel of Insurers. This was the final case in a line of hearings and consultations to determine validity of BI claims following the start of the Covid-19 pandemic last year. This case was to cover ruling on 370,000 policyholders in the UK. In context there’s over six million businesses in the UK.

The decision the court has given has intended to draw to a close and give clarity to outstanding claims made to insurers under certain policy wordings, terms and conditions. Each policy wording will need to be carefully considered against the court’s judgement.

At County, we appreciate this will mean many policyholders will now want to query if cover would have applied during the 2019-2020 renewal period on policies. Working closely with your insurer, we will be discussing the outcome of the ruling with each of them and if it affects any clients. It will take a number of weeks to go through this process and we would ask for patience while we conduct this.

For existing claims with insurers, your insurer will be in touch with you and liaise through us if there is a valid claim to be had. While it will take time to go through this process we would ask that you wait to hear from an insurer in the coming weeks. Please do still get in touch with your regular insurance contact for any ongoing enquiries unrelated to the ruling.

Thank you for continuing to understand and we will be working with insurers to reach a timely conclusion to matters