No, the government grants are available to all and are a short-term fix to help companies get through the immediate difficulties that they face. The government expects and fully understands that all companies will be making claims against their insurance policies. The grants and other offers from the government are simply to cover the short term gap whilst they wait for insurance companies to meet their obligations.
No Win, No Fee is a term used to describe an agreement between a Solicitor and a Claimant. It states that in this instance, the Claimant cannot be charged if their Business Interruption insurance claim is unsuccessful.
However, if your case is successful the solicitor may take up to 25% of the compensation awarded, although this will be subject to your individual circumstances and the actual fee may be more or less than this.
In some circumstances the solicitor may wish to insure the case with an “after the event” insurance policy, this will be done on a case by case basis.
In the circumstances where a Claimant cancels an agreement outside of the ‘cooling off’ period or is not co-operating, they could be charged a fee that is reasonable in the circumstances, reflecting the work undertaken by the Solicitor.