The Inn on Hibernian Way Ltd, which operates Dublin's Lemon & Duke pub, has reportedly taken legal against FBD Insurance.
According to The Irish Times, sources close to the company said that it took out business interruption insurance with FBD, and The Irish Times understands that, after comparing policies it has elsewhere, The Inn on Hibernian Way Ltd came to the conclusion that its policy with FBD should have been paid out following Lemon & Duke's closure due to the COVID-19 crisis.
The Irish Times reports that Lemon & Duke managing director Noel Anderson and FBD declined to comment on the matter.
LVA Response
While Licensed Vintners Association (LVA) chief executive Donal O'Keefe also said that he could not comment on the matter, he told The Irish Times, "It's clear that every insurer in the state for the licensed trade have taken a decision not to pay out on business interruption and have informed the trade that's their position.
"Every publican has an individual insurance policy, and we've no insight into what those policies say, but I think it's clear that many in the licensed trade feel they should be covered and many in the insurance industry feel that they're not.
"The trade are extremely angry, extremely frustrated and extremely disappointed by the entire insurance sector. They're the only sector in the economy not helping businesses in trouble."
© 2020 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.
