Introduction
On January 15, 2021, the UK s Supreme Court (UKSC) rendered
its much-awaited decision on business interruption (BI) coverage
for COVID-19 (the Test Case ). See our earlier postings
for a review of the lower court decision
2 BI coverage is typically offered as
additional insurance on a property insurance policy. BI coverage is
designed to protect the insured from lost revenue and increased
business expenses that might result from a covered property loss
policy (such events being described as insured
perils ). However, many policies also include extensions which provide coverage even where there may
be no damage to, or loss of, property. Examples include
Top UK Court Rules Insurers Must Cover Lockdown Losses By Law360 is providing free access to its coronavirus coverage to make sure all members of the legal community have accurate information in this time of uncertainty and change. Use the form below to sign up for any of our weekly newsletters. Signing up for any of our section newsletters will opt you in to the weekly Coronavirus briefing.
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