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Meta
Tag Archives: insurance
Contractor fails to avoid liability for defective works by arguing that it was co-insured with the employer under JCT Contract
The Rugby Football Union (“RFU”) engaged Conway in 2012 to install ductwork as part of upgrade works to Twickenham Stadium before the 2015 Rugby World Cup. Conway was appointed under an amended JCT Standard Building Contract without Quantities, 2011 edition. …
Posted in Longer Reads
Tagged building, construction, construction contract, construction insurance, contract, insurance, jct contract, real estate
Comments Off on Contractor fails to avoid liability for defective works by arguing that it was co-insured with the employer under JCT Contract
Insurance industry dips its toes into the digital assets space
The insurance industry is dipping its toes into the digital assets space, and it’s good news. This week, NYDIG, a company which provides Bitcoin focused asset management, custodial and technology solutions secured $100m in investment from some of the US’s …
Posted in Shorter Reads
Tagged bitooin, insurance, investment, Liberty Mutual, NYDIG, Starr
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What the FCA’s business interruption case means for your business
In June 2020, the Financial Conduct Authority initiated a claim against eight defendant insurers, seeking to answer the question of whether business interruption losses caused by the Covid-19 pandemic are covered under certain insurance policies. The regulator adopted an impressive …
Posted in Longer Reads
Tagged Business interruption insurance, COVID-19, insurance, small businesses
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Insurance test case rules some insurers should have paid out for losses caused by Coronavirus lockdown
Small businesses have been thrown a lifeline as a result of today’s insurance test case judgment, which ruled that some insurers should have paid out for losses caused by lockdown, since disease clauses in business interruption policies meant they were …
Posted in Shorter Reads
Tagged business interruption, FCA, insurance, test case
Comments Off on Insurance test case rules some insurers should have paid out for losses caused by Coronavirus lockdown
Coronavirus & BUSINESS INTERRUPTION INSURANCE: can other claims be made when cover is rejected?
Business owners who thought that they had cover for the business interruption caused by COVID-19 are finding in many cases that the cover is not what they expected and their claims are being rejected by their insurer. You may wish …
Posted in Shorter Reads
Tagged Business interruption insurance, claim, insurance, policy
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Coronavirus – Can you CLAIM UNDER YOUR BUSINESS INTERRUPTION INSURANCE?
Claims under policies are often complex. They all have particular conditions of cover and exclusions plus extensive definition sections that impact on the apparent extent of the cover. Additionally, the combination of a previously unknown disease plus the extreme steps …
Posted in Longer Reads
Tagged business interuption, CoronaVirus, insurance
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Coronavirus & business interruption insurance: practical considerations for tenants
Typical business insurance policies cover standard risks and are unfortunately unlikely to cover the impact of COVID-19 (including forced closure by the government). Furthermore, business interruption provisions are normally connected to property damage. Cover for business interruption due to infectious …
Posted in Shorter Reads
Tagged CoronaVirus, COVID-19, insurance
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