Reed Smith Client Alerts

The rapid and dramatic spread of the coronavirus (COVID-19) across the UK, Europe and beyond is affecting the movement of people, trade and business operations on both micro and macro levels. The advice and policies of national and local governments are changing on a daily basis. We advise businesses to look closely at their insurance policies and consider upcoming renewal dates. Policy wording and terms are different depending on the level of cover negotiated and paid for. In this article, we focus on business interruption cover. We will issue further articles in the coming weeks regarding other types of cover that could be used to assist businesses dealing with COVID-19-related issues.

Autoren: Peter Hardy Mark Pring Margaret E. Campbell Laura-May Scott Catherine Lewis Sharon Law

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The rapid and dramatic spread of the coronavirus (COVID-19) across the UK, Europe and beyond is affecting the movement of people, trade and business operations on both micro and macro levels. The advice and policies of national and local governments are changing on a daily basis.

More recently, the UK government issued guidance to employers and businesses encouraging businesses to allow their employees to work at home, wherever possible. But what if working from home doesn’t work for your business? Or what if working from home could work but it would cause significant challenges that your business might not have the strength, resilience, or resources to overcome?

Many businesses are going into lockdown to contain the spread of the virus and to protect their staff, but what does your insurance actually cover you for? Can your insurance cover you where your business is interrupted due to a ‘pandemic’?