March 20th, 2020.


Millions of businesses have taken out small business interruption insurance, but will your policy pay out if you have to shut down because of coronavirus?

Business interruption policies are usually taken out to cover acts of God such as flooding and fire. Insurance policies such as these include physical damage at a property that results in the small business being unable to trade.

And only a small minority of larger business owners may have previously arranged an additional clause covering them in the event of a pandemic.

However, Covid-19 was only officially named by the government on March the 5th as a “notifiable disease.” This means “registered medical practitioners” (RMPs) have a legal duty notify their local council or local health protection team of suspected cases of certain infectious diseases.


For the full story at smallbusiness.co.uk CLICK HERE.