The COVID-19 virus has dislocated every aspect of normal social, family and business life presenting significant operational and commercial challenges to every business in the UK. There are no precedents and no guide as to how we should respond. The situation is fast-moving and extremely concerning. People and businesses are looking for advice, support and guidance.
Business Interruption claims are a key issue for insurers and are now being received in ever greater volumes, some speculatively. Policy coverage advice must be sought on the specific policy first as to whether these claims are covered or not. However, if they are covered then it is imperative that insurers are able to deal with such claims in a timely manner – businesses have not been able to trade fully for some time.
