Good news and only right in my opinion
Tens of thousands of small businesses are set to receive insurance payouts covering losses in the first national lockdown, following a court ruling.
The Supreme Court found in favour of small firms receiving payments from business interruption insurance policies.
For some, it could provide the lifeline allowing them to trade beyond the coronavirus crisis.
The ruling could cost the insurance sector hundreds of millions of pounds.
In the lockdown of last spring, many small businesses made claims through these insurance policies for loss of earnings when they had to close.
But many insurers refused, arguing only the most specialist policies had cover for such unprecedented restrictions.
It was agreed that a selection of policy wordings be tested in court, setting the parameters for a valid claim.
The Supreme Court dismissed the insurers' appeals.