Car finance: Supreme Court backs claims over 'unfair' agreements - start your claim today

Category

Business Interruption

Barings Law has been named as a market leader in Solomonic’s Year In Review 2023 Report. Read more about our achievement and our commitment in supporting SMEs in receiving fair claim settlements.

More businesses are at risk of falling into insolvency because of the cost of living crisis. We look at what risk factors are involved and steps to help your business.

It’s nearly two years since the Supreme Court judgement found in favour of UK businesses but insurers are still holding out on making payments to their clients.

More than a year has now elapsed since a landmark test case was heard in the Supreme Court, so what has happened since policyholders were granted clarity on their business interruption insurance?

Battles continue to rage between businesses and insurers despite High Court ruling seemingly providing clarity for UK firms.

 

If your business suffered a financial loss caused by COVID-19, you could be entitled to compensation through a Business Interruption claim.

In the wake of the pandemic and the effects of lockdown, many companies turned to their insurers for help after suffering substantial financial loss, but found the help they needed wasn’t forthcoming.

Business Insurance pay-outs for firms forced to shut their doors during the coronavirus pandemic are set to top the £1bn mark. 

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The FCA have extended the motor finance consultation deadline, read more here.