19 January 2021
A new ruling by the Supreme Court will help thousands of business interruption insurance policy holders recover from the financial ramifications of the coronavirus pandemic and resulting closures.
The latest ruling reaffirms the High Court’s previous decision. As such, in general, insurers may begin to pay out claims that had been previously denied or in question. However, policyholders should understand that the rulings do not encompass all possible disputes. It is possible that each individual case and policy may still be analysed on its own merit.