Business Interruption Insurance policies to pay out over Covid-19

Business Interruption Insurance policies to pay out over Covid-19

The High Court has ruled in favour of a group of insured businesses. The Hiscox Action Group (HAG) felt aggrieved that their policies provided by Hiscox Insurance didn’t cover loss of business due to the Coronavirus.  The insurers argued that the policies only covered local lockdowns or specific shutdowns on their properties caused by a disease.    The case was brought with the help of the FCA.  16 insurers agreed to be defendants, so that clarity could be provided for wording that was present in 17 different policies. Read more here