News & Views

You'll find a whole host of useful articles, features and interviews on our NIG News page. We aim to offer useful business updates, topical thought leadership and much more. We hope you find the content offers real value.

Coronavirus (COVID-19) Business Interruption – FCA Test Case

19 June 2020

The Financial Conduct Authority (FCA) has commenced a test case in the High Court to determine how some insurance policies, which do not require damage to property, react to Business Interruption claims resulting from losses due to Covid-19. Once the hearing is concluded, a Court ruling will be made. NIG standard policies are not affected by the outcome of the test case. The FCA website has useful information on the topic of COVID-19 and business interruption insurance which will be kept up to date on developments.