FCA Test case
As you may be aware, the Financial Conduct Authority (FCA) is undertaking a test case in the High Court to examine how insurance policies react to non-damage business interruption (BI) claims relating to the Coronavirus crisis, and to give clarity as to how certain claims should be considered. We welcome this sensible approach by the FCA as it will provide certainty for us, you, and insurers. We’ve already taken a number of steps to prepare for the outcome of the Court ruling, and will undertake a further review following the decision.
In the meantime if you would like further information please visit