Excellent news for “at the premises” (ATP) Business Interruption policyholders who, 4 years on from Covid-19, were handed a huge potential for finally receiving substantial payments following last weeks Court of Appeal ruling in the long-standing case of London International Exhibition Centre Plc v Allianz Insurance plc & ORS [2024].
The ruling clarified that policyholders do not need to prove an incidence of the disease at the premises to successfully claim under their policies.
Many such policyholders, including several clients for whom I have longstanding matters, will now be pushing for payments from insurers!
Anyone who has an ATP clause in their Business Interruption extension to their policy but was struggling with proving instances of Covid-19 should now review their claims for indemnity.
As I’m very experienced in the nuances of such clauses and the respective policies of several of the main insurers, having had several large successes for my clients recently, I’d be happy to assess and assist in what has been a hard resisted area by insurers. Any policyholder with ATP clauses should definitely now be pushing for payment from insurers!!
#Covid #Insurance #BusinessInterruption
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