Coronavirus: Supreme Court judgment in Landmark Business Interruption Insurance test case
28 January 2021
On 15 January 2021, the Supreme Court handed down its judgment in the appeal of the landmark test case brought by the Financial Conduct Authority (FCA) about business interruption (BI) insurance coverage for insureds who have suffered loss as a result of the COVID-19 pandemic. The overall result represents a repeat – and indeed slight improvement – of the broad success policyholders won at first instance. However, the different approach in the Supreme Court's reasoning will have wider implications for the market beyond the scope of BI insurance.
Clifford Chance
