Small and medium-sized UK businesses forced to close by the government due to the CCP virus pandemic are covered under their business interruption insurance policies, the UK’s High Court ruled on Tuesday.
The judgement of a test case decided that “most, but not all, of the disease clauses” and some “denial of access clauses” provide cover to affected small and medium-sized enterprises (SME), but it depends on “the detailed wording of the clause and how the business was affected” by the lockdown, the Financial Conduct Authority (FCA) said in a statement.
