Closed, stay safe sign. Photo by Kelly Sikkema on Unsplash

Insurance: ‘light at end of tunnel’ for UK hospitality businesses

The high court ruling on business interruption insurance policies suggests Covid-19 claims should be paid in most cases where policies had pandemic or notifiable disease clauses. The 162-page ruling published this morning has been welcomed by industry bodies, although it is anticipated that insurers will appeal the judgement. UKHospitality chief executive Kate Nicholls said: “The confusion around business interruption insurance policies came at the worst possible time for businesses. They found themselves being denied support they thought they were entitled to in the middle of the worst crisis they have…

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'Closed due to Covid-19 restrictions' sign

Action group argues for insurance payouts on Covid-19 disruptions

‘It’s not too late’ says action group fighting for business interruption claims Hospitality Insurance Action Group (HIAG), which has taken part in the legal action against the eight major business insurers, has said that a significant number of claims which were previously denied may still be claimable. HIAG was one of only two policyholder groups allowed to take part in the FCA Insurance test case, which examined the business interruption policies of eight insurers including QBE and Aviva, to determine whether or not the policies should trigger business interruption claims…

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Eataly restaurant setting

75% of UK hospitality businesses could be insolvent within a year

More than three-quarters of hospitality businesses at risk of insolvency as sector left in ‘truly desperate position’ More than three-quarters of hospitality businesses in the UK are at risk of insolvency within the next year, according to UKHospitality. One in five businesses consider themselves to be “at significant risk” or are anticipating insolvency within the next 12 months, while more than half believe it is a “slight risk”, a survey by the trade body and CGA has found. Fewer than a quarter of hospitality businesses felt they were at no…

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