Business Interruption Insurance

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

´╗┐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:

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

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Initiated by:

ACT