Update: BI cover on COVID related items
NIG insurance policies were not included in the FCA’s test case and are not impacted by the outcome of The Supreme Court ruling on business interruption. Our standard commercial and agriculture policies provide cover for business interruption for a list of specified diseases. In addition, any claim for denial of access requires there to have been physical damage to property in order for the policy to provide cover. As regards any potential claims for closure by a public authority there is an exclusion for infectious or contagious disease. Consequently, irrespective of the Supreme Court ruling, there is no cover for business interruption for the Covid-19 pandemic
Coronavirus (COVID-19) Update 8th January 2021
Please click the link for the latest updates around COVID-19 as of the 8th of January 2021.
COVID-19 Updates