Flat Iron fights for Covid business insurance payout
It joins a number of restaurant businesses who are bringing legal proceedings against an insurer for pandemic related losses.
Flat Iron Steak Ltd says QIC Europe has refused to provide cover for losses during the period that lockdown forced its sites to close in line with government regulations.
The steakhouse chain, which operates nine sites across the capital, claims these circumstances were covered by a business interruption insurance contract, which the European insurer has failed to pay out on.
Flat Iron argued that each interruption or interference to its business justified a separate claim for loss, each with a separate limit of £1m ($1.29m).
It comes after the High Court ruled in favour of a group of businesses, including PizzaExpress, seeking insurance payouts for Covid-related losses.
The judgment was predicted to unleash a wave of insurance claims after the Supreme Court decided earlier this year that businesses with applicable policies could claim if there had been a Covid case in the vicinity of their premises.
