You might be forgiven for thinking that business interruption insurance offers a lifeline to businesses whose income streams have been hit hard as a result of the ongoing Coronavirus crisis, but this isn’t necessarily the case.
Despite the fact that business interruption insurance is intended to cover loss of income arising from an unexpected event, many insurers have already indicated that they will resist paying out on these claims, essentially on the basis that this pandemic is not covered by their policy wording. Insurers are also no doubt concerned about setting a precedent in these types of claims, which could cost them a great deal of money. If you would like help to assess your position and whether you may have a claim based on your business interruption cover, please follow these 3 simple steps
- Watch the video below
- Complete this questionnaire. It should only take you 5 minutes
- Send us a copy of your business interruption insurance policy
DMH Stallard will then get in touch and advise you on the options available to you.