Does Your Business Interruption Insurance Cover COVID-19-Related Losses? Are You Sure?

JASON J. THOMPSON | April 8, 2020

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The COVID-19 coronavirus emergency has everyone scared, and many are imagining the worst. For business owners and managers, there is a fear that what you, your employees, and your customers or clients have built will be lost – through no fault of your own. And we don’t know how long the financial impact of the pandemic will continue.

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A-Plan Insurance

We have been providing a personal service to our 600,000 clients since the 1960s through over 80 High Street branches that span 16 counties. We believe in making ourselves accessible – no telephone scripts and automated call management systems, no complicated online forms to fill in and definitely no jargon filled pages of website to trawl through.

OTHER ARTICLES

Social media intelligence for insurance?

Article | April 21, 2020

In the financial services industry, reliance on big data has been increasing at a global level. The usage is not limited to marketing purposes alone but extends to fraud and risk prevention. Customer demand for personalised products is responsible for this shift. The future of insurance is also being shaped differently due to this. The current lengthy questionnaires won’t be needed at all. Just the data collected will help to accurately predict risk and create policies customised to the person’s needs.

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Is Your Small Business Protected by Cyber Insurance?

Article | April 21, 2020

The expenses resulting from a data breach can be staggering. A cyber insurance policy can help you recover without putting your business at financial risk. Cyber insurance can help small businesses recover from a data breach – but finding the right policy for your business can be challenging. These tips will help you find the right cyber insurance policy.

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COVID-19: How Insurance Can Help Mitigate Business Losses through the Crisis

Article | April 21, 2020

The COVID-19 outbreak is now a pandemic, affecting governments, businesses and individuals all over the world. As borders are closed, and day to day life is put on hold, it presents an unprecedented threat to the global economy and to the future viability of many businesses. Nevertheless, there are steps that organisations can take to protect themselves, and to ensure the financial consequences are kept to a minimum. In particular, businesses should be considering whether they can mitigate losses through their existing insurance policies. Regardless of the type of insurance, particular attention should be paid to notice requirements typically set out in each policy wording.

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Working From Home: What You Need to Know About Insurance Coverage

Article | April 21, 2020

During these unprecedented times, the everyday norm is shifting for most Americans. Commutes have become a simple walk down to the coffee maker instead of the usual 15-30 minute drive from home. With much of the workforce working remotely, likely from a home office, it is important that you are protected from further unexpected exposures. Most homeowner and renters insurance policies limit coverage, so discussing business exposures with your agent to ensure proper coverage is in place is a must.

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Spotlight

A-Plan Insurance

We have been providing a personal service to our 600,000 clients since the 1960s through over 80 High Street branches that span 16 counties. We believe in making ourselves accessible – no telephone scripts and automated call management systems, no complicated online forms to fill in and definitely no jargon filled pages of website to trawl through.

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