On 9th June 2020, the Financial Conduct Authority commenced court proceedings to seek legal clarity on the interpretation of certain non-damage business interruption policies in relation to losses resulting from the Covid-19 pandemic. Along with others in the industry, some of Hiscox's policy wording for its business interruption covers is being considered as part of this case.
The Court handed down its Judgment on Tuesday 15 September 2020. If you’re a customer, please visit our UK website – www.hiscox.co.uk/fca-test-case – which will be updated regularly with information about the FCA Test Case.
Read our announcement here.
Business interruption claims and the industry test case