Covid-19: ABI admits few will be covered for BI
The government advised leisure businesses to close voluntarily prompting a public backlash that firms won’t be able to claim for business interruption as it isn’t a closure order.
The vast majority of companies won’t have bought cover that protects them in the event of business interruption caused by the coronavirus, according to experts.
The Association of British Insurers (ABI) confirmed to Insurance Age: “Irrespective of whether or not the Government order closure of a business, the vast majority of firms won’t have purchased cover that will enable them to claim on their insurance to compensate for their business being closed by the Coronavirus.”
Yesterday (16 March)
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