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The coronavirus pandemic and lockdown measures have resulted in significant numbers of UK businesses having temporarily to close down or drastically reduce their operations. This has caused considerable loss of income and other damage.
We represent businesses that are claiming under their business interruption (BI) insurance policies for losses arising from the coronavirus pandemic. Many businesses across the country are finding that their insurers are either failing to confirm that losses are covered under their BI policy or have declined cover completely (and in some cases are stalling or even failing to respond to enquiries).
A test case against insurers brought in the High Court by the regulator, the Financial Conduct Authority (FCA), with the intention of resolving some key contractual uncertainties and ‘causation’ issues, has led to the court making declarations on the application and interpretation of sample wordings. That decision was appealed to the Supreme Court which handed down its landmark ruling in favour of policyholders on 15 January 2021.
Although the judgment is largely welcome news for policyholders, it has the following limitations:
At Penningtons Manches Cooper, we are currently helping our clients to organise group action litigation claims. These clients are typically businesses and organisations within the education, arts, hospitality, retail and leisure, real estate, social housing, life sciences and motorsports sectors.
We are organising claims so as to meet the limitations of the test case and pursue those cases that would otherwise fall through the cracks.
It is intended that the group actions will be fully funded in order to avoid any upfront costs to our clients and will be led by our specialist business interruption insurance and group action lawyers, drawing on our extensive expertise within these business sectors.
To express your interest in joining the groups, please click here. Those with larger claims who are interested in being represented individually and outside the groups can contact us separately at BIclaims@penningtonslaw.com
Please note that joining a group does not automatically mean you have a valid claim but comprehensive advice will be provided in due course.