• Specialism Focus

    Discover our forensic insurance and recovery services and how they can help you claim on your insurance policies.

Business Interruption Insurance Claims

The COVID-19 pandemic has caused economic losses for a huge number of businesses. Many of those businesses have made claims under their Business Interruption (BI) insurance. Insurers, having previously rejected claims on a number of grounds, were taken to the High Court by the FCA. The FCA brought this test Case against eight insurers to seek clarity as to whether certain non-damage wordings would give rise to cover.

The High Court and subsequently the Supreme Court largely ruled in favour of the FCA on behalf of policyholders with up to 370,000 policyholders potentially qualifying for a BI insurance pay-out.

Our guide on Business Interruption Insurance Claims considers some practical steps concerning awareness, quantification and utilisation of the BI insurance pay-out’s.

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Specialism Focus

Our Forensic Insurance and Recovery team supports policyholders looking to claim on their insurance policies. When the unexpected occurs, we can assist in the quantification of complex insurance claims, ensuring you receive appropriate and timely payments. We focus on the following practice areas:

  • Property and Business Interruption
  • Fidelity / Employee Dishonesty
  • Product Recall
  • Construction Claims
  • Cybersecurity Breaches
  • Pre-Loss Business Interruption Valuation

Our approach to working with you is characterised by a high degree of senior-level involvement coupled with direct access to best-in-class technical resources. We maintain straightforward, proactive communication with you throughout each stage of the claims process.

The team based in the UK is part of BDO’s Global Forensic Insurance & Recovery team covering North America, South America, Asia and Australasia. Directly or through our global network, our teams have worked on losses around the globe including catastrophe events such as Hurricanes Katrina and Sandy, the Thailand floods, the Chilean earthquake, and the Japan earthquake and tsunami. The team has substantiated and prepared some of the most complex property and business interruption claims across the globe.

We can also assist you with pre-loss scenario planning and the calculation of appropriate Sum Insured values on which policy premiums are based.