News: Covid-19 – Business interruption insurance
The Covid-19 pandemic has led to widespread disruption and economic volatility which had a significant impact on businesses. Particularly, the small and medium-sized enterprises (SMEs) have suffered a significant level of financial loss. A large number of affected businesses have made claims for the losses under their business interruption insurance policies. However, there is uncertainty over the business interruption (BI) insurance policies’ cover in the context of Covid-19 claims. Recently, the Newcastle Circuit Commercial Court (Court) has struck out a BI losses claim in consequence of the Covid-19 pandemic where…