Banks Bracing for Billions in PCP Compensation Payouts – Are You Owed a Share?
UK banks and financial institutions are setting aside vast sums of money in anticipation of a potential onslaught of claims related to mis-sold PCP and Hire Purchase (HP) car finance agreements. With billions of pounds at stake, financial providers are preparing for what could be one of the most significant compensation payouts in UK banking […]
Johnson v Firstrand legal precedent in car finance
This article explores a pivotal legal decision in Johnson v. FirstRand that sheds light on consumer rights in car finance deals. Many buyers trust brokers to find the best financing options, but hidden commissions paid by lenders can create conflicts of interest—often unknown to the consumer. This ruling underlines the importance of transparency, clarifying that […]
Mr Bates vs The Post Office – The Value of Litigation Funding
Inspired by: Litigation Finance Insider This article explores a prime example of how group litigation and its funding provide significant advantages for individuals seeking justice when facing overwhelming odds. We also look at the added benefit when combining funding with a No-win No-fee structure and an Insurance-backed claiming process, giving the customer the best options. […]
Business Interruption Claims: Understanding Your Rights and Opportunities
Introduction The COVID-19 pandemic created unprecedented challenges for businesses worldwide, disrupting operations and threatening livelihoods. For many, Business Interruption (BI) insurance was the safety net they relied on to recover lost income during forced closures or operational restrictions. However, insurers’ initial denials of COVID-19-related claims left countless business owners frustrated and confused about their rights. […]
COVID Business Interruption Claims for the Hospitality Sector
The hospitality sector was among the hardest hit by the emergence of the COVID-19 pandemic and the subsequent UK government lockdown from March to July 2020. Restaurants, pubs, and other hospitality venues were restricted to providing takeaway services only, leaving many already-stretched small businesses effectively unable to trade. While government financial support packages, including furlough […]
Understanding the Essence of Business Interruption Insurance
In the unpredictable world of business, disruptions can occur unexpectedly, throwing even the most meticulously laid plans into disarray. From natural disasters to unforeseen emergencies like pandemics, these interruptions can wreak havoc on your operations, leading to significant financial losses. This is where Business Interruption Insurance comes to the rescue, serving as a vital lifeline […]
Billions May Still Be Owed to SMEs by Their Insurers in COVID Business Interruption Claims
The COVID-19 pandemic wreaked havoc on economies worldwide, leaving businesses, especially small and medium-sized enterprises (SMEs), grappling with unprecedented challenges. Among the myriad of obstacles faced by SMEs, the battle for insurance payouts due to business interruption claims stands out as a contentious issue. As the dust settles and businesses attempt to recover, a disturbing […]
Supreme Court Ruling on COVID-19 Business Interruption Claims
In the wake of the COVID-19 pandemic, businesses worldwide faced unprecedented challenges, including mandatory closures and significant revenue losses. Many turned to their insurance policies, specifically business interruption coverage, hoping for financial relief. However, the interpretation of policy clauses regarding coverage for pandemic-related losses became a battleground for insurers and policyholders alike. This contentious issue […]
Unlocking Relief: Why 99% of Businesses Can Claim COVID-19 Business Disruption Coverage
Amid the turbulence of the COVID-19 pandemic, businesses worldwide have grappled with unprecedented challenges, from supply chain disruptions to mandated closures. Yet, amidst the uncertainty, a beacon of hope has emerged for businesses seeking financial relief: recent developments indicate that a staggering 99% of businesses may be eligible to claim for COVID-19 business disruption. This […]
Understanding Insurance Coverage for Business Disruption
In the wake of the COVID-19 pandemic, businesses worldwide have faced unprecedented challenges, including closures, supply chain disruptions, and revenue losses. For many, business interruption insurance has emerged as a potential lifeline, offering financial protection against the adverse effects of such disruptions. However, understanding what types of business disruption are covered by insurance policies, particularly […]