FBD will not appeal landmark ruling on compensation for Covid-hit pubs
Mr Justice Denis McDonald found that a policy sold by FBD covered losses the pubs sustained by having to close due to the global health emergency.
Wed, 17 Feb, 2021 - 12:45
Ann O’Loughlin
FBD does not intend to appeal a landmark High Court ruling that four pub owners are entitled to be compensated by the Insurer for the disruption their businesses suffered due to the Covid-19 pandemic.
In his decision earlier this month, the outcome of which affects claims made by 1,000 Irish pubs and restaurants, Mr Justice Denis McDonald found that a policy sold by FBD covered losses the pubs sustained by having to close due to the global health emergency.
The High Court has ruled that four pub owners are entitled to be compensated by FBD Insurance for the disruption their businesses suffered due to the Covid-19 pandemic.
The High Court has ruled that four pub owners are entitled to be compensated by Insurer FBD for the disruption their businesses suffered due to the Covid-19 pandemic.
The High Court has ruled that four pub owners are entitled to be compensated by Insurer FBD for the disruption their businesses suffered due to the Covid-19 pandemic.
Vintners welcome High Court decision in favour of publicans
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The decision by the High Court that four pub owners are entitled to business interruption compensation from their insurer due to the Covid-19 pandemic is warmly welcomed by the Vintners Federation of Ireland (VFI), the 1,100 publicans who are FBD customers and the wider pub sector.
VFI Chief Executive Padraig Cribben says: “This High Court decision is the first good news the 1,100 publicans who are FBD customers have received since the crisis began last March. Publicans took out business interruption cover with FBD in good faith and the decision by the insurance company to challenge that cover caused huge distress for our members at a time when they were at their most vulnerable.