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UK Hospitality urges bars to check insurance policies
Hospitality companies that have had their Covid-19-related business interruption insurance claims rejected are being urged to submit their policies as part of a test case at the High Court.
Many UK hospitality firms have had their Covid-19-related business interruption insurance claims rejected
The Financial Conduct Authority (FCA) is due to file its action at the High Court to seek clarification on the wording of business interruption policies.
Trade body UK Hospitality is urging bars, restaurants and other hospitality firms to share their own experiences to “ensure their wording is captured in the test case and the interests of the sector are fully represented.
Hospitality firms have until 3pm tomorrow (5 June) to provide details of their policy wording.
UK Hospitality has teamed up with international law firm Taylor Wessing in relation to the FCA action. UK Hospitality has already given its support to Black and White Hospitality’s crowdfunding venture to have hospitality cases reviewed for challenge.
Kate Nicholls, CEO of UK Hospitality (UKH), said: “So many stakeholders have come together on this crucial matter. We now have a final sprint towards the deadline to make sure that hospitality’s insurance plight is properly heard.
“A central ask of UKH’s #Fair4Hospitality campaign is a resolution to insurance claims. With the support of leading law firm, Taylor Wessing, and Black & White Hospitality, we are urging all hospitality businesses to get in touch, so the industry’s voice is heard and any relevant working not covered by the proposed test case is included.”
Business that have had their insurance claims turned down can check their policies against the FCA’s representative sample here.
For more information or to submit your policy wording for inclusion, email cv19@ukhospitality.org.uk.
Rob Atkinson, lawyer at Black and White Hospitality, said: “We have been deluged with policies but now have this last chance to widen the scope of the court action – I urge any hospitality business that thinks it has a relevant policy to send it to us.”