Mopy_ZA
AVForums Veteran
Here's a question for all the vendors, traders and business owners:
If you have Business Interruption Insurance, are you covered for this interruption? Have you reviewed your policy? Have you tried to claim?
I'm expecting a message from insurance companys soon stating virus outbreaks are not covered. We received a similar message afer 9/11 saying that acts of terrorism were not covered by Business interruption, or property damage insurance.
On another note: Bigger companies take exchange rate coverage insurance. Smaller businesses that import will probably have to close up once this is all over.
If you have Business Interruption Insurance, are you covered for this interruption? Have you reviewed your policy? Have you tried to claim?
I'm expecting a message from insurance companys soon stating virus outbreaks are not covered. We received a similar message afer 9/11 saying that acts of terrorism were not covered by Business interruption, or property damage insurance.
On another note: Bigger companies take exchange rate coverage insurance. Smaller businesses that import will probably have to close up once this is all over.
