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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Hilary Jordan
Hilary Jordan
17:38 16 May 22
From my first phone conversation with Trevor I felt very confident that I had chosen the right person to help us negotiate through the minefield that is making a claim through your home insurer. Trevor's colleague Craig visited our home and was very sympathetic to our situation after a burst mains pipe. He explained everything he was doing and then dealt with the loss adjustor from our insurance company reducing our stress. We were kept informed during the entire process and even though we were dealt a bit of a curve ball, Trevor negotiated the best result for us and we can't reccomend ICS enough. It was the best decision we could make. As an add-on we would urge anybody reading this review to look at and review your home insurance and protect yourself against underinsurance. Thank you Trevor & Craig
Helen Halpin
Helen Halpin
22:44 08 Feb 22
I can’t recommend Trevor highly enough. After a house fire in Jan 2022, we had no idea what to do next. Thankfully, Trevor was recommended to us, and despite it being a bank holiday, he called to the house and provided all the reassurance we needed at a difficult time. Trevor is exceptionally professional, took care of all the paperwork, navigated through the tricky process with the Insurance company and kept us updated every step of the way. 5* service.
Jo Crawley
Jo Crawley
12:08 08 Dec 21
Great service from Insurance Claim Solutions would highly recommend. Thanks again
Oliver Mitchell
Oliver Mitchell
10:09 02 Dec 21
Trevor came in after we'd already started the claim and realised it was a much bigger issue than we'd originally thought. He stepped in seamlessly and quickly and took over everything, which made our lives far easier. He kept open communication every step of the way and ensured that the whole process went smoothly for us. Would absolutely recommend Insurance claim solutions to anyone.
Eibhlin Ni Ghabhlain
Eibhlin Ni Ghabhlain
10:37 26 Nov 21
It was such a relief to hand over all details of the insurance claim to Trevor when I had a recent mains leak in my house. He more than lived up to the recommendations I had received about his work, efficient, professional, inspiring confidence that all was being dealt with correctly. Within a remarkably short time he had dealt with all details of claim and I’m very happy with what he achieved for me in terms of a settlement. Can highly recommend him!
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