Content area
Full text
Hiscox's core policy wordings do not provide cover for business interruption as a result of the general lockdown measures taken by the UK government in response to the coronavirus pandemic, said the company in a market update about its business interruption exposure.
Hiscox has come under fire for its exclusion of the new coronavirus in business interruption policies. The UK's regulator, the Financial Conduct Authority, this week affirmed that most insurance policies bought by smaller UK companies do not cover disruption caused by the pandemic,...