The pandemic-induced business interruption (BI) insurance saga appears far from over, with QIC Europe Limited (QEL) taken to court by sister companies DC Bars Limited and Tuttons Brasserie Limited to the tune of £4 million.
Part of CG Restaurants & Bars Limited, the hospitality venues are seeking compensation for BI losses incurred during the government-ordered lockdowns in Britain between September 2020 and December 2021, according to a Law360 report.
Earlier this year, law firm Edwin Coe LLP quoted CG Restaurants & Bars director Daniel Coffer as stating: “This has been a horrendous time for the hospitality sector, and it will continue to be difficult in the near future.
“Hospitality businesses have had to fight tooth and nail to obtain an indemnity from their insurers, notwithstanding the clear terms of the policies they purchased prior to the pandemic.”
At the time, Coffer urged hospitality companies to “take action to recover the sums to which they are contractually entitled,” adding that his camp’s claim alone is substantial.
Owned by QatarRe, QEL is an insurer based in Malta with a branch in London.
