HMT provides guidance on treatment of Government grant support schemes in business interruption insurance settlements

Released 24 September 2020

The Economic Secretary to the Treasury has written to the Association of British Insurers (ABI), outlining HM Treasury’s expectation that the value of Government grant schemes intended to support businesses during the Covid-19 pandemic should not be deducted from business interruption insurance settlements.

Further information can be found at https://www.gov.uk/government/publications/treatment-of-government-grant-support-schemes-in-business-interruption-insurance-settlements-letter-from-the-economic-secretary-to-the-treasury-to-th.

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