Type: Client Alerts
Contact (Print and Packaging) Limited (Contact) was in the business of printing packaging for the food and pharmaceutical industries, using large industrial printing presses. In April 2013, one of the presses at Contact’s facility in Stockport suffered a sudden, “catastrophic” failure, the cause of which was not immediately apparent.
Contact subsequently sought to recover its losses under a Techsure policy (the Policy) underwritten by Travelers Insurance Company Limited (Travelers), which, among other combined covers, in principle insured both property damage and business interruption losses. In relation to the latter, Contact asserted that the failure of the press reduced the printing capacity of the business by 50 per cent.