3 March 2022
Business Interruption Insurance after the FCA test case: Corbin & King Limited & Ors v AXA Insurance UK Plc [2022] EWHC 409 (Comm)
In Corbin & King v AXA, Mrs Justice Cockerill found policyholders were entitled to an indemnity in respect of business interruption losses sustained during the Covid-19 pandemic. The case was heard on an expedited basis, with the judgement providing much-anticipated guidance in respect of Prevention of Access clauses in business insurance policies in light of last year’s business interruption insurance test case, FCA v Arch [2020] EWHC 2448 (Comm), [2021] UKSC 1.