Insurers reject business interruption claims by tourism sector
The rejection has led to a dispute, and intervention by the Financial Sector Conduct Authority has been called for
09 June 2020 - 18:16
UPDATED 09 June 2020 - 21:36
Businesses in the tourism and hospitality sector are locked in a dispute with short-term insurers over their claims for Covid-19 related damages.
Since the lockdown was imposed in March, tourism and hospitality businesses have had to close, many of them permanently due to the financial losses suffered. Business interruption insurance exists to help companies survive following an unanticipated event.
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