Do I have a COVID-19 business interruption claim?
Particularly if you operate in the leisure, retail or
hospitality sectors, your business has likely suffered significant
financial losses from the disruption caused by COVID-19. In trying
to alleviate the impact of those losses, you might have identified
that your business's insurance policy offered cover for
'business interruption' (or 'BI'). What is that and
might it be the solution that you have been looking for?
Typically, BI insurance covers short-term losses that are
suffered due to an 'interruption' to a business's
operations – usually caused by prevention of access to the
business premises or an interruption to the supply of services and
goods.