FCA Update on Business Interruption Insurance

Following the Supreme Court test case on a range of business Interruption insurance policies, the Financial Conduct Authority (FCA), have today (3rd March) published finalised guidance setting out how to prove the presence of coronavirus in a particular area, based on the High Court’s judgment and declarations.

They have also published a feedback statement summarising the feedback received on their draft guidance published on 11 December 2020.

For more information please visit the FCA’s dedicated business interruption webpage.