Supreme Court ruling for Business Interruption Insurance payout Category: COVID-19 - Posted On: Jan 15 2021 It has just been announced that the Supreme Court has backed smaller firms, ruling that insurance companies must pay out on Business Interruption Insurance claims. With many insurers refusing to pay businesses back in Spring when the first lockdown came into force, this ruling will mean thousands of small business may receive insurance payouts covering losses incurred during that time. You can read more here. We suggest those with relevant policies get in touch with their insurer to clarify what this means for them as not all policies are likely to be covered by this ruling. We will share more information as it becomes available. In the meantime, if you would like our support, please get in touch with your usual EQ contact or call one of our offices. All News View the latest news stories from all of our sectors. View All News News by category View the latest news stories from a specific sector. COVID-19 EQ News People Experienced Professional Graduate Intern RGU Placement School & College Leaver Services Audit & Reporting Corporate Finance EQ Accounting Bookkeeping Cloud Accounting Management Accounts Payroll Taxation International Tax Making Tax Digital Personal Tax Specialisms Agriculture Charities Engineering & Manufacturing Healthcare Leisure Food & Drink Professions Property & Construction Technology
Supreme Court ruling for Business Interruption Insurance payout Category: COVID-19 - Posted On: Jan 15 2021 It has just been announced that the Supreme Court has backed smaller firms, ruling that insurance companies must pay out on Business Interruption Insurance claims. With many insurers refusing to pay businesses back in Spring when the first lockdown came into force, this ruling will mean thousands of small business may receive insurance payouts covering losses incurred during that time. You can read more here. We suggest those with relevant policies get in touch with their insurer to clarify what this means for them as not all policies are likely to be covered by this ruling. We will share more information as it becomes available. In the meantime, if you would like our support, please get in touch with your usual EQ contact or call one of our offices. All News View the latest news stories from all of our sectors. View All News News by category View the latest news stories from a specific sector. COVID-19 EQ News People Experienced Professional Graduate Intern RGU Placement School & College Leaver Services Audit & Reporting Corporate Finance EQ Accounting Bookkeeping Cloud Accounting Management Accounts Payroll Taxation International Tax Making Tax Digital Personal Tax Specialisms Agriculture Charities Engineering & Manufacturing Healthcare Leisure Food & Drink Professions Property & Construction Technology