Canadian Courts brings COVID-19 Losses within Business Interruption CoverApril 2020
Whilst risks posed to UK Insurers by the ongoing coronavirus pandemic remain shrouded in uncertainty, an immediate question that has cropped up is whether trading losses arising out of COVID-19 will fall for cover under business interruption policies.
Whilst it remains the position of the UK market that comparably few business interruption policies will respond to COVID-19, a decision of the Ontario Superior Court of Justice late last week has challenged this presumption against cover.
In this article, Joe Bryant and Giles Tagg discuss the decision in the Ontario Court and its potential impact on decisions handed down in other jurisdictions.
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