FCA court victory gives clarity to SMEs over Covid disruption
Court ruling will see a larger number of businesses receive payouts from their insurers
The UK’s Supreme Court has sided with the Financial Conduct Authority in a landmark ruling that clarifies whether small businesses can claim against business interruption insurance during the pandemic.
“Our aim throughout this test case has been to get clarity for as wide a range of parties as possible, as quickly as possible,” says Sheldon Mills, executive director for consumers and competition at the FCA.
“[The] judgment decisively removes many of the roadblocks to claims by policyholders,”
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