We recently held a webinar for businesses with guest speakers from 3PB and Grant Thornton.
Following the outbreak of Covid-19, urgent clarification was needed from the Courts as to the extent to which policy wording would respond to business interruption losses sustained as a result of the pandemic.
We had Neil Fawcett, a barrister at 3PB and Fred Brown, a Director in the forensic and investigations team at Grant Thornton on the panel to discuss business interruption insurance and what you need to know about policies.
The key takeaways were:
- Ensure you have a full copy of your policy
- Identify – the policy period, the type of cover, quantum clauses, limits on liability and notice provisions
- Produce a narrative of what you have lost – pull together management accounts, supporting evidence and invoices, proof of government grants, mitigation steps
- Seek professional advice
Watch the full webinar below.
