Commercial Express

The Value Added MGA

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Update on FCA Test Case – Business Interruption

DATE: 23/09/2020


On the 15th September, the High Court handed down it’s judgement on the FCA’s Test Case regarding Business Interruption. The aim of the Test Case was to provide clarity on how certain Business Interruption policy wordings should be interpreted and whether certain claims related to Covid-19 should be paid. None of the Insurers used by Commercial Express were participants to the Test Case however we are currently liaising with Insurers to understand whether the court’s decision has any impact on Business Interruption claims made by policyholders. We will provide further updates when we are able to. Further information on the outcome of the test case can be found on the FCA’s website using the following link:

 

https://www.fca.org.uk/firms/business-interruption-insurance