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 […]
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 […]
COVID-19 Business Disruption Claims
The COVID-19 pandemic has not only brought about significant challenges to everybody but has also severely impacted businesses worldwide. From small local enterprises to multinational corporations, the economic ramifications of the pandemic have been profound. In the wake of closures, restrictions, and market uncertainties, many businesses have turned to their insurance policies for relief, specifically […]
