In a court case starting today, the FCA will test the wordings of policies from eight insurers to try to establish whether they cover the COVID-19 virus.
With so many businesses struggling during the COVID-19 pandemic, the outcome of this case, is highly anticipated.
The decision will also no doubt dictate what cover will be available in future and what measures the Government may need to take to protect or assist insurers and/or policyholders going forward.
Whilst a decision is unlikely to be made for some time, Forsters LLP will keep you posted, as and when this case develops.
A judge will decide on the correct interpretation of 17 so-called business interruption policies, but the ruling could affect up to 370,000 firms.