Business Interruption (BI): Covid-19: FCA Business Interruption test case

The High Court handed down the judgement in the Financial Conduct Authority’s (FCA)’s test case on 15 September 2020. The intention of the ‘test case’ was to determine the interpretation of certain clauses within policies that include non-damage business interruption.

You can find the judgement here and more detailed information about the Test Case on the FCA’s website here.

Insurers are considering the implications of this complex judgement for their policyholders and we will provide further updates once their position is better understood. In the meantime we continue to monitor this matter closely.

If you are unsure how this impacts you, please contact your usual insurance adviser.