Business Interruption due to Covid-19

Many businesses have recently been forced to close due to the impact of COVID-19 and the measures which the Government has had to take in the interests of us all. There has been an uproar in the media with many commentators berating insurance companies for rejecting claims for businesses that have been forced to close. Many commentators do not understand the first thing about insurance policies and are not best placed to inform the general public. While it’s populist to bash insurers for not covering business losses, one cannot expect an insurer to make payments to businesses if the cover doesn’t exist in the first place.

Many Insurers Not Accepting Liability

Corona Virus sign It is clear that many insurers are not accepting liability for business closures due to the virus and that most businesses will not be covered for the interruption. However, there are a number of policies that have cover for your business losses. Having an expert understanding of your policy wording will help you figure out if your policy extends to cover you for business losses.

There are two types of policy extensions to your business interruption that can potentially cover you for this situation:

Infectious Disease Extension

  • Many policies expressly state which diseases fall within the realm of being an infectious or notifiable disease. If this is the case, your policy WILL NOT provide cover, as COVID-19 is a new disease and will not have been included.
  • Other policies have wording specifically excluding a range of notifiable diseases, such as AIDS, SARS Etc. In these instances, outbreaks related to these diseases, whether notifiable or not, are fully excluded from cover.
  • Other policies define the disease with reference to the actions of the Government, i.e. is it a notifiable disease. There should be less difficulty in this case, as COVID-19 has been a notifiable disease in Ireland for a number of weeks already.
  • Many policies require the disease to be on your premises; other refer to a specific radius.
  • Many insurance policies do cover business closure or restriction due to the outbreak of an infectious disease.

Denial of Access Extension (non-damage)

  • This may cover you if you are prevented from accessing your property by an event, or by the actions of a competent authority, thus causing your business interruption cover to engage. This is a grey area as some businesses that have been advised to close, can still continue to operate if they do so safely.
  • It is worth noting that there may be subtle differences in the wording. You may be covered, but it will depend on your individual circumstances and the policy wording.

Understandably business owners are extremely worried at the moment. If you are unsure as to whether or not you are able to claim business interruption insurance, please contact Trevor Kelly on 0863571713 for an Expert Independent Review.

Contact Details

Insurance Claim Solutions
Golf Rd, Rush, Co. Dublin

Mobile: 086 357 1713
Phone : 01 870 9210

We are registered as Public Loss Assessors and fully regulated by the Central Bank of Ireland

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Karl Spratt
Karl Spratt
16:47 28 Nov 22
Recently had a bad leak in our upstairs bathroom, I was recommended Trevor from Insurance Claims Solutions. The best thing I ever did, Trevor and the Team at Insurance Claim Solutions made everything hassle free, they dealt with all aspects of our claim. Trevor is an exceptional insurance agent who is prompt, efficient, knowledgeable and friendly. Trevor guided my through the process ensuring the outcome for me was his priority. 100% recommend Trevor from Insurance Claims Solutions, if I could give him more than 5 stars I would!
Susie Webster
Susie Webster
12:35 03 Nov 22
Recently had a bad leak in my bungalow, was recommended Trevor from Insurance Claims Solutions. The best thing I ever did, Trevor is an exceptional insurance agent who is prompt, efficient, knowledgeable and friendly. Trevor guided my through the process ensuring the outcome for me was his priority. 100% recommend Trevor from Insurance Claims Solutions, if I could give him more than 5 stars I would!
N roy
N roy
19:20 23 Oct 22
Trevor was recommended to us only 4 weeks ago. We had a leak in kitchen which we thought would need just a new floor. Trevor came in and from that moment onwards we were in safe hands, far more damage than we ever thought thanks to Trevor, he did all the work with our insurance company, no hassles at all. If you have something happen at home and are thinking of using your insurance look no further than Trevor. His knowledge his second to none, best decision we have made in years. 5 stars isn't enough.ThanksNigel and Mags
Graham Nugent
Graham Nugent
09:24 20 Oct 22
I am delighted to recommend Insurance Claim Solutions to anyone facing a need to submit a home insurance claim. We had a significant escape of water from our attic tank while we were away, and came home to quite a smelly mess and water damage. We contacted Insurance Claim Solutions and really appreciated Trevor Kelly's attention to detail, and his professionalism. Trevor is a really good communicator and he is friendly, he took away all of the hassle and bureacracy for us; and as an industry expert he was thorough in preparing our claim and negotiating on our behalf. We handed everything over to Trevor and had no regrets; now that the claim has been settled, we could not be more satisfied. Thank you Trevor.
Eoin Donohoe
Eoin Donohoe
09:21 30 Sep 22
I recently worked with Trevor on a housing claim that required experienced support from a top quality professional. Trevor certainly is a high quality professional who provided great support. Trevor is a great communicator and was extremely good at keeping me up to date on how the process was progressing. He kept me reassured that the issue had his focus and commitment at all times. I would highly recommend Trevor.
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