It comes as no surprise that insurers are declining business interruption claims in their droves, some policies clearly cover a notifiable disease or indeed Covid-19. To us, it would seem that there is a major capital issue within insurance companies at present, and it would appear that they are not upholding the requirements of the Central Bank, as set out in their correspondence in March this year.

Should your business interruption policy have the following wording, we may be in a position to help you with your business interruption claim,

Infectious diseases/murder or suicide
Loss resulting from interruption of or interference with the business in consequence of any of the following events:

a) any occurrence of a notifiable disease at the premises or attributable to food or drink supplied from the premises;
b) any discovery of any organism at the premises likely to result in the occurrence of a notifiable disease;
c) any occurrence of a notifiable disease within a radius of 25 (twenty five) miles of the premises;
d) the discovery of vermin or pests at the premises which cause restrictions on the use of the premises on the order or advice of the competent local authority;
e) any accident causing defects in the drains or other sanitary arrangements at the premises which causes restrictions on the use of the premises on the order or advice of the competent local authority;
f) any occurrence of murder or suicide at the premises;

One particular insurer is providing a declinature letters to policyholders with this policy, which omits the caveat outlined in bold, for reasons know to them.

We have found that approximately 40% of the business interruption claims declined by insurers, actually have cover in place.

We don’t charge for a review of your policy and should we believe your claim has merit, we will provide a “No-Win, No-Fee” service with your business interruption claim.

Contact Pro Insurance Claims, Don’t Settle for Less.