Hiscox/HAG arbitrators said furlough should not be deducted from BI payouts
The arbitrators who heard the dispute over business interruption claims between Hiscox and the Hiscox Action Group said that furlough payments ought not to be deducted from claims awards, Post can reveal.
Hiscox reached a settlement agreement with 383-strong group of businesses worth £12.2m on 25 June before the arbitration was able to conclude. This sum was in addition to prior payments of £6.6m.
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