While the Supreme Court ruled most business interruption insurance policyholders will have cover for losses due to coronavirus restrictions, which was hailed as a “massive boost”, it doesn’t necessarily mean everyone who had this insurance can be compensated.
The pubs code is not just about market rent only. I want to highlight code rights relating to insurance which apply each time the pub company signs a new tenant or buys and charges a tied tenant for insurance for the pub.
The landmark business interruption test case pitting the Financial Conduct Authority (FCA) against insurers is currently being heard at the Supreme Court, but it could be weeks before a decision is made.
The High Court has backed insurance policyholders in the Financial Conduct Authority’s (FCA)’s business interruption insurance test case, offering a 'huge lifeline' for embattled pub, bar and restaurant operators.