You will no doubt be wondering whether your Business Interruption insurance protects you against a loss of income due to the coronavirus pandemic.

Business Interruption usually provides cover only for a specific number of notifiable diseases, as detailed in the policy wording, which has been the situation since the SARS outbreak in 2003. These policies therefore exclude business interruption due to new and emerging diseases.

There are some few exceptions, but the current COVID-19 outbreak is not covered under a significant majority of business interruption policies and we regret to advise you that it is unlikely that you will be covered.

Do however discuss this further with your usual PSP contact and they will be able to provide you with a definitive answer.

Please do all that you can to stay safe.

 

 

PSP Group Newquay wish their Private Clients manager, a very happy and adventurous retirement.

Anne has worked for the group for 17 years as a loyal and committed member of the team, most recently managing the group private clients team. The Newquay directors, took her and the rest of the team out for drinks before she was whisked away for the weekend by her husband.