Business Interruption claims: Supreme Court ruling 15th January 2021

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The coronavirus pandemic and lockdown measures have resulted in significant numbers of UK businesses having to temporarily close down or drastically reduce their operations.

The coronavirus pandemic and lockdown measures have resulted in significant numbers of UK businesses having to temporarily  close down or drastically reduce their operations. This has caused considerable loss of income and other damage. This will continue to do so as long as the virus persists and as new and varied restrictions are introduced in response.

Here at BIC Management we are  representing  businesses that are claiming under their business interruption (BI) insurance policies for losses arising from the coronavirus pandemic. Many businesses across the country are finding that their insurers are either failing to confirm that losses are covered under their business insurance policy or have declined cover completely (and in some cases are stalling or even failing to respond to enquiries).

A test case against insurers was put before the High Court by the regulator, the Financial Conduct Authority (FCA). Their intention was to resolve some key contractual uncertainties and ‘causation’ issues, this has led to the court making declarations on the application and interpretation of sample wordings.

The decision was appealed to the Supreme Court which handed down its landmark ruling in favour of policyholders on 15 January 2021.

Our specialist team work with an experienced panel of solicitors and barristers at Angelus Law, BUKS London and 7 Harrington Street Chambers will review each individual policy to scrutinise the policy wording to see if you have a claim. Even if you have been told by your insurer that you do not have a claim, we are the experts and we will leave no stone unturned.

Downtown in Business have partnered with BIC Management to help those clients that have a right to claim but have been rejected by their insurance companies.

We will conduct a free review to establish if we believe you have the right to claim, we will not allow the insurance companies to escape their responsibilities.

We have years of experience in claims!

Please use the BIC Management link here to use our quick and easy assessment tool and we will work with our panel of solicitors and barristers to review your case.

What we need is:

  • A copy of your insurance policy and terms & conditions
  • The name of the Broker used (If a Broker was used) and their terms and conditions
  • The rejection of claim letter / correspondence
  • What type of business you have and sector

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