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Commenting landmark Business Interruption Insurance appeal case, Rafi Saville, forensic partner at accountancy firm HW Fisher said:

Commenting landmark Business Interruption Insurance appeal case, Rafi Saville, forensic partner at accountancy firm HW Fisher said:

“This has been a landmark case and one of the most controversial legal issues resulting from the pandemic. Today’s decision will affect over 400,000 small and medium businesses particularly in the leisure, property and hospitality industry who were forced to close their doors nearly a year ago. The ruling could have a ripple effect for the entire marketplace, with its conclusions likely to be applied to other affected claims.

“It is now crucial for these businesses who can claim to pay attention. Businesses who think they have a claim to make should consult their insurance documentation with a view to understanding whether their Covid related losses will be covered and start the claim process. We understand that policies covering “notifiable diseases” will be covered under the ruling, so that is what businesses should be looking out for on their documentation.

“Going forward, it will be interesting to see whether there are changes to the policy wording from the insurance companies to make additional exclusions, and whether the insurance premiums are set to rise substantially.”


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