Tel: 01992 471001


Covid-19 Insuring SMEs: Business Interruption (BI)

The FCA has published a “Dear CEO letter” focusing on BI insurance. The FCA estimate that most policies have basic cover and do not cover pandemics. So on those policies the insurer is not obliged to pay out claims relating to the coronavirus pandemic. Where it is clear that the firm has an obligation to pay out, The FCA expect insurers to assess and settle the claim quickly and we are encouraging insurers to issue interim payments. We also outline the access to the Financial Ombudsman Service.

Leave a comment

Your email address will not be published. Required fields are marked *

Recent blogs

  • Archives

  • Calendar

    November 2020
    M T W T F S S

We use cookies to ensure that we give you the best experience on our website.