Marrs Insurance Brokers
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Marrs Insurance Brokers is a trading name of The Not Too Boring Company Ltd. Registered in England & Wales, Registered No. 09026225.
Marrs Insurance Brokers is an appointed representative of TEn Insurance Services Ltd which is authorised and regulated by the Financial Conduct Authority.
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AUTUMN 2020 -
Well the first legal steps have been taken toward a resolution of the issue of businesses closed due to lockdown, staff sent home, customers absent, coffers empty; and it’s good news for the claimants and action groups as the judges have, by and large, ruled that the majority of wordings support the claims.
This will of course not be the end, or to paraphrase Churchill, even the beginning of the end, but it’s a good step in the right direction for the claimants.
There is no doubt this will run on for considerably longer, even, than it takes my teenage daughter to leave the house of a morning. There is bound to be an appeal of sorts and much more wrangling. The ruling is complex and runs to 150 pages, various insurers have a multitude of wordings with various nuances, different terms and definitions, even within their own product suites, so each of these have to be examined and held up against what the judges have said before insurers decide whether to throw in the towel and pay up, or continue to fight the legal conclusion.
Like I said before, I don’t believe there was any intention by the majority of insurers to cover such events and certainly no premium was factored in for such an eventuality, but if you don’t clarify your policy wording sufficiently to leave matters open to interpretation, then you may live to regret it.
The whole Covid situation has shown, if nothing else, how fragile our existence is, both physically and economically. It has been a timely reminder that we, like much bigger and uglier (for the most part), rulers of the planet before us, have no inalienable right to dwell here any longer than fate dictates. Whether it be a random 9-
Perhaps that’s why NASA and others are spending so much money investigating the colonisation of other planets? -
We will continue to monitor the Covid situation and post further updates when relevant, unless NASA invites me aboard!
Click here for link to the Judgement.
Recent Coffer’s Corners…
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