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ABI comment on Coronavirus and commercial insurance

Following the ongoing developments with Coronavirus...

ABI spokesperson said: 

“Commercial insurance policies provide cover against a wide range of risks, that can be tailored to the needs of individual businesses, including extensions to cover. Businesses who are concerned about the impacts of Covid-19 should check the scope of their cover, and speak to their insurance adviser or broker.

A small number of businesses may have cover in place that will specifically provide for business interruption arising from notifiable diseases.  However, this type of extension is not commonly included as standard.  Standard business insurance policies are designed and priced to cover standard risks and are therefore unlikely to provide cover for the effects of global pandemics like Covid-19."

Last updated 04/03/2020