Restaurants giving insurers a week to pay out

 

Restaurants are giving insurers a week to pay out on business interruption cover following a High Court ruling last week.

The Restaurants' Association's legal team say the judgment secured against FBD on Friday applies to about a third of the policies they've reviewed.

The lobby group says it has looked at around 600 of its member's policies, and is urging other restaurateurs to examine their documentation with a view to pressing a claim.

Restaurants' Association CEO Adrian Cummins says many businesses will collapse without urgent support.