As a firm, Jones Harris is acutely aware that our clients are very worried about the impact of this crisis on their businesses. One of the things you’ll want to know is whether you have business insurance cover for coronavirus.
Business Insurance Cover for Coronavirus
Businesses should check whether they are covered with their insurance provider. Insurance policies differ significantly.
Many businesses are unlikely to be covered as most business interruption insurance policies are dependent on damage to property, which will exclude pandemics.
Some businesses may have purchased a specific add on relating to notifiable diseases, but some of these will still specify damage to the building. Some may also have purchased supply chain or denial of access cover, which may meet their needs in this case.
Businesses that have cover for both pandemics and government-ordered closure should be covered. The government and insurance industry confirmed on 17 March 2020 that advice for the public to avoid pubs, theatres etc is sufficient to make a claim.
We are ensuring that we try and keep abreast of the fast-moving changes here at Jones Harris. We’ll try and update you with anything we deem relevant. Please look at our Facebook and other social media accounts, newsletter and website. We will be sending email communications for updated information.
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