Insurer Hiscox said on Wednesday that its core policy wordings do not provide cover for business interruption due to a UK government-ordered lockdown put in … Hiscox, in particular, has grabbed the spotlight in recent days, as an action group threatened to take the insurer to court if it did not pay up for business interruption …

Hiscox has previously responded to market speculation regarding its business interruption exposure saying: “[Our] core policy wordings do not provide cover for business interruption as a result of the general measures taken by the UK government in response to a pandemic. The group has now set out additional details on its business interruption exposure “in light of recent market speculation”. 'The Hiscox policy wording seems to imply that we are covered. Hiscox sold business interruption insurance policies to firms before the pandemic, which stated it would pay out when a business was forced to shut owing to a notifiable disease. 'In the meantime I've had to apply for a business interruption loan. But Hiscox says the insurance industry does not have enough money to cover all the losses that will emerge as a result of the lockdown. But for others, the devil is in the detail and policy wordings suggest that insurers should cough up vital interim payments sooner rather than later. "Business interruption … Hiscox has announced that its core policy wordings do not provide cover for business interruption caused by government measures amid the ongoing pandemic.

Hiscox’s core policy wordings do not provide cover for business interruption as a result of the general lockdown measures taken by the UK government in response to …

In determining any response to claims or complaints, Hiscox reviews every case individually.”