Gatwick Investment Ltd and others v Liberty Mutual Insurance Europe SE; Bath Racecourse Company Ltd and others v Liberty Mutual Insurance Europe SE and others
The UK Supreme Court held that CJRS furlough payments must be deducted under business interruption savings clauses because they reduced expenses and were caused by the insured peril.
- Business interruption insurance
- Causation
- Indemnity principle
- Interpretation of insurance contracts
- Collateral benefits
- Business-interruption-insurance