Government, insurers and FCA must provide clarity on BI furlough deductions if the courts cannot, says FSB
The Federation of Small Businesses has called for insurers, government and the Financial Conduct Authority to agree specific conditions for the deduction of government support from business interruption claims if ongoing litigation proves unable to give clarity.
While many insurers agreed in 2020 not to deduct some grants extended to businesses by the government during the pandemic, other forms of support – notably furlough – have been routinely treated as
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