Class Action investigation Business interruption claims
250,000 businesses with up to $10 billion in claims may be eligible to participate
Maddens Lawyers is investigating insurers that have declined COVID-19 related business interruption insurance claims.
A number of insurers have declined insurance claims on the basis that the terms and conditions of the policy of insurance do not cover losses that have been suffered as a result of restrictions in trade or movement due to COVID-19.
Important case law developments including a recent decision in Australia’s High Court mean that insurers cannot rely upon particular types of exclusions as a basis for declining claims for business interruption.
If your business suffered losses as a result of COVID-19 lockdowns or trade restrictions you should act promptly and register your interest in the class action.