In the context of the Coronavirus outbreak worldwide, business
and entrepreneurs are busy developing strategies and practical ways
to mitigate and manage the risks associated with disruptions that
may be caused as a result of the outbreak. Below are some
important considerations and measures that businesses and
entrepreneurs should bear in mind in managing the impact of the
Coronavirus:
Insurance
Businesses should review the current terms of their insurance
policies, particularly those concerning business interruption,
contractors’ all risk policies and travel cancellation
insurance, to determine if potential disruption caused by the
Coronavirus is covered. Some policies that cover physical
property damage also apply to interruption caused by non-physical
events.
