FCA statement - insuring SMEs: business interruption

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FCA statement - insuring SMEs: business interruption

1st May 2020, 06:40:AM

Today, the FCA is announcing that it intends to obtain a court declaration to resolve contractual uncertainty in business interruption (BI) insurance cover. This is due to continuing and widespread concerns about the lack of clarity and certainty for some customers making business interruption claims, and the basis on which some firms are making decisions in relation to claims.

https://www.fca.org.uk/news/statemen...s-interruption

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FCA statement - insuring SMEs: business interruption

FCA statement - insuring SMEs: business interruption

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