Axa confirms position on coronavirus business interruption coverage
Updated: The provider won’t cover for Covid-19 unless it is specifically named in the terms as other insurers including RSA, Allianz, NIG and Ageas respond to the crisis.
Axa has clarified it will only cover specified diseases for business interruption following the coronavirus outbreak which is spreading across the UK and World.
Insurance Age questioned a number of insurers about how they would respond to business interruption caused by Covid-19.
Axa confirmed it would only cover diseases already specified in insurance contracts and did not word its contracts to refer to a general class of notifiable disease.
Covid-19 was first identified earlier this year
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