Insurance firms have been accused of “dragging their heels” over coronavirus related company pay-outs following last month’s Supreme Court ruling, The Times reports.

The Court’s landmark decision backed policyholders, and was intended to force insurers to pay out on disputed coronavirus business interruption claims. However, law firms representing claimants have since said there is a growing fear that some companies could collapse before they receive a settlement.

The decision was expected to impact 700 types of policy, 60 insurers and 370,000 policyholders, and the Court instructed insurers to pay valid claims as quickly as possible, including previously rejected claims that are now valid.

Almost three weeks since the ruling, Adrian Maurice, chief executive of Pragmaticum, an adviser on business interruption claims, said “insurers should now be reaching out to policyholders giving them a fair view on cover and how to present their claims, ideally making an interim payment to demonstrate goodwill and intent.”

But according to Stuart Henry, of law firm Taylor Rose, this isn’t the case.

“All the early signs indicate that insurance companies are still resistant and will largely need to be forced to make these pay-outs,” he told The Times. “Every week we hear from clients saying they are about to go under. We urgently need to see government intervention.”