Insurance pay outs for small businesses

Thousands of small businesses with business interruption insurance policies will receive pay-outs from their insurance company to cover losses from the first national lockdown.

During the lockdown of last spring, many businesses had their claims refused by insurers on the basis that only specialist policies covered such unprecedented restrictions.

However, a selection of policy wordings has been tested in court, with the Supreme Court ruling largely in favour of small businesses.

If your business had business interruption insurance cover before the first national lockdown in March 2020, now would be the time to get in touch with your insurance provider to make a claim.