Business Interruption Insurance

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.

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.

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 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.