Business Interruption Insurance

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1863 Restaurant with Rooms wins six-figure coronavirus insurance payout

05 May 2022 by

A Lake District restaurant and hotel has won a six-figure coronavirus insurance payout for business interruption following a landmark court ruling on the issue.

News

Axa declines to appeal Corbin and King insurance judgment

31 March 2022 by

Insurer Axa has announced that it will not appeal the judgment handed down last month regarding Corbin & King restaurant group, leaving hospitality businesses hopeful of recouping some losses.

Greggs in High Court bid to secure business interruption payout News

Greggs in High Court bid to secure business interruption payout

01 November 2021 by

Bakery chain Greggs has filed papers with the High Court claiming insurer Zurich owes it some[...]

Covid insurance battle: 38% of approved claims still unpaid by insurers News

Covid insurance battle: 38% of approved claims still unpaid by insurers

18 August 2021 by

Some 38% of policyholders told they were entitled to insurance payouts for coronavirus disruption have yet[...]

Business interruption insurance: Hiscox claimants secure £5.2m payout News

Business interruption insurance: Hiscox claimants secure £5.2m payout

14 July 2021 by

The 72 Hiscox business interruption insurance claimants affected by the Supreme Court FCA Test Case have[...]

Hospitality operators gear up for extended legal battle over coronavirus insurance payouts News

Hospitality operators gear up for extended legal battle over coronavirus insurance payouts

12 July 2021 by

Thousands of hospitality businesses are still fighting to secure insurance payments for coronavirus disruption, with many[...]

Black and White Hospitality launches legal action against insurers News

Black and White Hospitality launches legal action against insurers

01 April 2021

Black and White Hospitality has launched further group action against its insurance company as part of an ongoing fight to secure a payout through its business interruption policies.

Business interruption insurance: Hiscox makes initial settlement offers News

Business interruption insurance: Hiscox makes initial settlement offers

22 February 2021

Late night leisure broker NDML has received the first settlement offer for its clients involved in the Financial Conduct Authority (FCA) test case over business interruption insurance.

Calls for government-backed pandemic insurance scheme to protect businesses News

Calls for government-backed pandemic insurance scheme to protect businesses

19 February 2021 by

An MPs report has called for the creation of a government-backed insurance scheme to give hospitality[...]

Brighton Pier Group receives £1.4m business insurance pay-out News

Brighton Pier Group receives £1.4m business insurance pay-out

15 February 2021 by

The Brighton Pier Group has received £1.4m from its insurers to cover business interruption losses related[...]

Coronavirus insurance Q&A: What the Supreme Court ruling means for hospitality News

Coronavirus insurance Q&A: What the Supreme Court ruling means for hospitality

11 February 2021 by

Hospitality insurance specialist Steven Swift of Sector Associates, which works with trade bodies including UKHospitality, gives[...]

Thousands of hospitality businesses still struggling to secure insurance payouts News

Thousands of hospitality businesses still struggling to secure insurance payouts

08 February 2021 by

Thousands of hospitality businesses are still struggling to secure insurance payouts for Covid-19 disruption, three weeks[...]

Covid insurance ruling: fewer than one in 10 policies expected to pay out News

Covid insurance ruling: fewer than one in 10 policies expected to pay out

22 January 2021

Fewer than one in 10 business interruption insurance policies held by hospitality operators are estimated to be liable to pay out following the landmark Supreme Court ruling, an industry insurance broker has warned.

Hospitality businesses 'should seek damages' for late Covid business insurance payments News

Hospitality businesses 'should seek damages' for late Covid business insurance payments

18 January 2021

Hospitality businesses whose insurance companies have refused to pay out to cover losses related to Covid-19 should seek damages for late payment after last week’s landmark court ruling, a legal expert has said.

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

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