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High Court throws out Ted Baker theft claim against insurer

Ted Baker has suffered a setback in a long-running case against Axa Insurance UK after the High Court said it would not uphold a claim relating to the loss of profit after a series of thefts.

The retailer is now “considering its options” after the judge threw out the case, which relates to an insurance payout for a series of thefts from its warehouse from 2004 to 2008 that resulted in a seven-figure loss for the retailer.

The thefts were committed by a warehouse employee and two accomplices.

Ted Baker is seeking an insurance claim for £3m for the resulting loss of profits and business disruption.

However, Axa maintains that its policy did not cover claims for employee theft, according to The Telegraph.

Ted Baker won a claim for £1m for loss of stock in 2012.

Readers' comments (1)

  • I don't see why an insurer should pay for what is in this case negligence on the behalf of Ted Baker. It is their fault for employing the wrong type of staff. Not AXA.

    Don't believe the comment about Ted Baker 'weighing up it's options' - it hasn't any - the than paying their solicitors even more money for something they can never win.

    Most retailers have had staff that have stolen from them, sometimes in large amounts that the retailer cannot afford, but they have to take it on the chin and learn from it. Ted Baker's stance is one of complete arrogance and one they don't seem to accept.

    Would you want to work for a company like that? Could explain why they had the problems in the first place...

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