Covid-19: Government addresses nation on pandemic BI cover
Government says insurers will cover pandemic but ABI insists this changes very little as most do not have this type of cover.
Insurers will payout to firms for business interruption (BI) if they have pandemic cover and have been compelled to close due to government guidelines.
Where the insurance would have kicked in if the government mandated closures it will now become active in response to the current guidelines
Insurers have faced criticism, as has the government, after the Prime Minister Boris Johnson only recommended, instead of ordering, businesses close to help people avoid social contact amid the spread of
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