Thursday, 28 January 2021

Landmark Supreme Court ruling on business interruption claims

 Earlier this month, the Supreme Court ruled in favour of small businesses receiving payments from business interruption insurance policies. 

This news will have been warmly received by many small businesses across Tynedale and Ponteland and provide a lifeline to many in the months ahead.  


Insurers included in the case are Hiscox, Arch, Argenta, MS Amlin, QBE and RSA- but around 60 other insurers sold similar products and will have to start paying out to their policy holders. These companies will have to pay out on many, but not all, policies. 

I would ask any constituent who had business interruption claims rejected at the advent of the pandemic to contact their insurance company to see how this ruling affects them.