Businesses in Moray that were refused insurance cover during the COVID-19 lockdown could be in line for payouts following a High Court ruling.
A judgement was handed down yesterday (Tuesday) following a test case brought by the Financial Conduct Authority.
Thousands of policyholders across the UK were refused claims for business interruption due to coronavirus.
Judges have now cleared the way for appeals, and insurance companies should now be contacting affected policyholders to resolve claims that were wrongly denied.
Several companies in Moray had previously contacted local MP Douglas Ross looking for help on the issue.
In resposne to the ruling, Scottish Conservative MP Mr Ross said:
“This is an important ruling from the High Court that could have implications for many businesses in Moray.
“I was contacted by a number of local firms during the pandemic that were refused insurance claims.
“They were among several thousand across the UK that will have been awaiting the outcome of this test case.
“I hope this will now lead to those businesses receiving the payouts they expected at the time.
“The past six months will have been extremely challenging – without the added stress involved in fighting disputed insurance claims.”