Most coronavirus-hit UK firms not protected by their insurance policies

Most policies exclude cover for pandemic-related sales losses as calls grow for more government helpCoronavirus – latest updatesMost British companies that suffer a loss of sales or shut down due to the Covid-19 pandemic are not protected by their insurance policies, the Association of British Insurers has told MPs, leaving firms exposed to bankruptcy even when the government orders them to close.Policies that protect companies from closure following a pandemic are rare the ABI said in a letter to the business, energy and industrial strategy select committee. Continue reading…
Via: Most coronavirus-hit UK firms not protected by their insurance policies