On 15 January, the Supreme Court handed down a decision that means many businesses will be able to claim for losses under the business interruption (BI) clauses in their insurance policies if they were forced to close due to a government-imposed lockdown.
As many as 370,000 policyholders are estimated as being affected and the decision improves their prospects of securing a pay-out.
If you have suffered BI losses as a result of the pandemic, you may wish to consider the following practical steps to assess if you have a potential claim:
In assessing if you have a potential claim against an insurance broker, you may wish to consider:
Whether or not the above issues will give rise to a claim against an insurance broker will depend on the facts of each individual case and the scope of instructions given to the broker. There will inevitably also be arguments over whether you would have taken out the additional and possibly more expensive cover had you been offered it.
This article was first published by pro-manchester.
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