Connect with us


Test case on virus insurance payouts to begin – BBC News

The case will rule whether many businesses should get payouts for damage caused by the pandemic.



post featured image

Image copyrightGetty Images
A court case to decide whether many businesses receive insurance payouts for damage caused to them by the pandemic begins on Monday.
It comes after hundreds of firms said they were wrongly denied cover and could even go bust as a result.
A judge will decide on the correct interpretation of 17 so-called business interruption policies, but the ruling could affect up to 370,000 firms.
However, insurers say most business policies simply do not cover pandemics.

Click here to view the original article.

Continue Reading

You might also like ...

ASX 200 falls, NAB rises, Afterpay sinks on Friday 30 July 2021
Own Blackmores (ASX:BKL) shares? Here’s what to expect during reporting season