You should carefully consider your insurance policies to
determine which of them may help to recover loss sustained. This
might include the cost of cancelled travel or corporate events or
any extra costs of working where staff have been told not to come
into the workplace for prolonged periods.
REMEMBER: Whether or not your insurance
policies will cover COVID-19-related losses will obviously depend
on what the policy includes or excludes.1 Make sure you
speak to your insurance broker about the cover you have in place
and how it might be called on right now to help with any issues you
are experiencing.
Looking forward, you might wish to consider purchasing
extensions to cover, if available, to assist in dealing with the
significant financial losses caused by contagious diseases such as
COVID-19.
