Business Interruption Insurance

Government and business may have misjudged the potential access to cash support via business interruption insurance.

ï»¿It is a retrospective cover that may provide some interim payment towards costs, but only once there is clarity over the degree of the loss, but surety of its support would be enough to see many businesses through the crisis.

Members of the Independent Retailers Confederation (IRC) are calling upon Government and insurance brokers to challenge policies where there is ambiguity.

Only to be completed by independent retail businesses which:

Have a Business Interruption clause in their insurance policy and
Have submitted a formal claim following the outbreak of COVOID-19 which
Has not been accepted by/is in dispute with the insurer

All fields marked * are compulsory

Sector*
Business legal name
Trading name*
Email*
Phone number*
Business owners name
Insurance broker
Insurance provider*
Renewal date*
Has your insurer relaxed its approach to restricting certain cover if the premises are unoccupied for more than 30 days?
What was your approximate expected claim under Business Interruption Insurance?
Is your Business Interruption cover limited to a specified timescale/Indemnity Period?
Do you believe that there is any ambiguity in the reason that your claim was refused/is being resisted? *
Reasons your claim was refused/is being resisted
Other
Other comments
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Initiated by:

ACT

Business Interruption Insurance

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