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Business interruption – a summary of coverage

News article

Publication date:

09 September 2020

Last updated:

10 September 2020


Policy and Public Affairs

A collection of published resources on business interruption across the Chartered Insurance Institute.

The global impact of COVID-19 has affected nearly every business for the majority of 2020. Some have had to suspend their operations, go into administration or resume business in a severely limited capacity.

During this time lockdown restrictions have also affected the way people live and work. With a great deal of uncertainty about how long restrictions can last, many business owners are turning to their insurers to find out if and how they are protected by their business interruption (BI) insurance policies.

Many businesses have found themselves without sufficient cover or those that have tried to make a claim have been declined by their insurer. This unprecedented event has put the insurance sector under a global microscope, resulting in the Financial Conduct Authority (FCA) launching its own investigation into how business interruption claims are handled. By inviting insurers and business interruption insurance policyholders into a High Court test case, it is hoped that

Speaking about the test case, FCA interim chief executive Christopher Woolard says, “The court action we are taking is aimed at providing clarity and certainty for everyone involved in these BI disputes, policyholder and insurer alike. We feel it is also the quickest route to this clarity and by covering multiple policies and insurers, it will also be of most use across the market. The identification of a representative sample of policies and the agreement of insurers who underwrite them to participate in these proceedings is a major step forward in progressing the matter to court.

Over the past year, the Chartered Insurance Institute has published a wide range of materials about business interruption, including research papers, webinars, blogs and lectures. By sharing opinions, insight and knowledge, we aim to support members with improving their knowledge and expertise.


Please see below for a summary of some of the ways we have covered business interruption so far:

This document is believed to be accurate but is not intended as a basis of knowledge upon which advice can be given. Neither the author (personal or corporate), the CII group, local institute or Society, or any of the officers or employees of those organisations accept any responsibility for any loss occasioned to any person acting or refraining from action as a result of the data or opinions included in this material. Opinions expressed are those of the author or authors and not necessarily those of the CII group, local institutes, or Societies.