Summary
Small business owners are suing the Beazley Group for not paying on business interruption insurance during lockdowns. The businesses believe their insurance should cover losses caused by the government's COVID-19 closures. Beazley argues that their policies do not cover national lockdowns.
Key Facts
- 69 small business owners are suing the Beazley Group.
- Serina Russel, who runs a tattoo business, and Lucy Foster, who owns a beauty clinic, are among those affected.
- Both owners had insurance with Beazley and expected coverage for pandemic-related closures.
- Beazley claims the policies do not cover nation-wide lockdowns.
- Ms. Russel and Ms. Foster both took out bounce-back loans and are still repaying them.
- Chris Guy, a solicitor, believes the insurance policies should cover pandemics.
- Business owners have until March 2026 to file legal complaints.
- The legal action arose because many businesses closed due to COVID-19 lockdowns in March 2020.
