Posted in Dispute Resolution
on 3rd Mar 2021
On 28 February 2021 the Sunday Times reported that FTSE 250 insurer Hiscox offered a struggling East London café owner £13.00 in settlement of its business interruption claim.
The London café claimed for more than 3 months’ loss, comprising of £1,600 a month in rent and £2,500 a month in stock, after it faced closure due to the Government’s response to the Covid-19 pandemic. The café had said it had been “battling bankruptcy” due to closure, like many other businesses in the UK today.
It was reported by sources close to the FTSE insurer that only...