As the Covid-19 crisis took a grip of the country, many businesses suspended some or all of their insurance cover. Now that restrictions are being lifted and the economy starts to reopen, it is essential that you tell your broker or insurer that you have re-commenced trading and ensure your full policy cover is in force.
A key element of any insurance programme is the emphasis on health and safety. Therefore, it is imperative that as your business re-opens, employers and business owners have key responsibilities to both their staff and advise customers visiting their premises. These responsibilities may include:
Your employers and public liability policies will protect you if a claim for injury to employees or members of the public is brought against you but it is the policyholders responsibility to act “as though they are uninsured” and minimise risk at all times, hence our highlighting the above measures. All insurers are amending their policies and inserting Covid-19 exclusions which will be effective from your renewal date, in fact some of you reading this may have renewed your policy with such exclusions already in place.
We recommend that you discuss the impact of these changes with your broker or insurer and ensure you fully understand how they will affect your insurance cover.
John Bourke ACII
Dolmen Insurance Brokers Ltd
01-8022381 / 086 8146 236
This Business Support article featured in the July/August 2020 edition of The Hardware Journal