Covid-19 Information

January 2021

We understand that the Covid-19 crisis has brought with it unprecedented challenges for business, individuals and the country as a whole. We remain committed to continuing to work with our clients, our partners and the industry to provide certainty as quickly as possible.

You can find guidance on the many areas that may be affected in the below pages, depending on the type of customer or broker you are. Select your relevant area to find out more.

If you have a query that isn’t answered in these advice pages, please contact us and we’ll do what we can to help.

For a log of all the updates we have released, click here.

The FCA Business Interruption Legal Case

In July 2020, the FCA started legal proceedings in the High Court against a number of insurers as to how certain business interruption policies should be interpreted and whether they cover losses arising out of the Covid-19 pandemic. The Court has now handed down its judgment on the interpretation of certain business interruption policies.

Although our policy wordings were not directly considered during the test case, Covéa Insurance remains committed to apply the relevant findings to any potentially affected claims or complaints. The final judgment is highly complex and it will take some time to review, and we are now working through the full detail carefully to assess its application to the individual claim circumstances of those clients who may be impacted. 

We will be communicating directly with those clients and their brokers who are affected. You do not need to anything further at this point.

We are regularly releasing updates about these proceedings, which can be found here.

For more information on the case and judgment please visit the FCA website: www.fca.org.uk/firms/business-interruption-insurance