Business interruption insurance is designed to protect companies in the case of unavoidable losses but there has been confusion around whether the government’s actions have qualified businesses for insurance payouts.
As more and more UK businesses seem to be reopening after the COVID-19 lockdown, there’s one topic on everyone’s minds – does my insurance policy cover business interruption? If you and your business are currently experiencing a lack of clarity, we’ve compiled an update.
In light of the recent COVID-19 pandemic, many people are wondering what business interruption insurance is and if it will help cover the closure of their business in certain circumstances. Check out our infographic for advice.
As well as the serious implications for people’s health, the NHS and other healthcare services, COVID-19, and the ensuing government lockdown are having an undeniably significant impact on businesses and the economy globally. As the virus has spread, it has left businesses counting the costs.
Across the globe, we find ourselves in an unprecedented situation. Covid-19 has led to the lockdown of an increasing number of countries and right here in the UK, we’re seeing businesses shutting down or taking other measures to account for changing guidance.
Business Interruption in the UK (Infographic)
January 23, 2017
Business Insurance
40% of commercial properties in the UK are under-insured when it comes to business interruption cover. Does your business have adequate cover in the event of business interruption? Our infographic shows some frightening statistics of what happens to businesses when an unexpected event financially disrupts operations.
How Bad Weather Affects Businesses in the UK
January 12, 2016
Insurance News
Despite the ongoing joke of how us Brits enjoy discussing the weather over tea and biscuits, bad weather is no joke. It affects thousands of people each year and is only predicted to get worse with climate change. Check out our infographic to see some of the astounding statistics!