Business interruption policy checker launched

February 2021


The FCA has provided a policy checker and policyholder FAQs to help small businesses to find out if their insurance policy may cover business interruption losses caused by coronavirus (Covid-19) as a result of the FCA’s test case and what they can do next. Essentially, policyholders [and others] can check whether the wording is the same as, or very similar to, the 21 policies in the ‘representative sample’ considered by the Courts in the FCA’s test case.

Policyholders who believe they have a valid claim are advised to approach their broker, other adviser or insurer and that they will need documentation to make a claim.  They may also need the help of  an accountant to help calculate their business losses and any other amounts that may be recoverable under the policy (such as increased costs of working).


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