The global COVID-19 pandemic has had a dramatic impact on many industries. Though some businesses have managed to keep operating throughout the pandemic, many have been forced to close their doors for the duration.
Now, with quarantine restrictions relaxing and many businesses being in a position to begin to reopen, there are many considerations and precautions to be weighed up.
Following the announcement on Monday evening (23rd March 2020) by the government that all non-essential retail businesses with premises should close their physical doors, we believe we should draw your attention to the Unoccupied clause that will be in all Commercial Insurance policies covering operating premises.
It seems that there has been an unusual number of natural disasters in the last two years or so. Hurricane Maria hit the Caribbean in September, while an earthquake in Mexico killed more than 200 people. Hurricane Irma and Hurricane Harvey were also massively destructive in different areas of the US. In other parts of the world, floods and landslides in Sierra Leone and monsoon flooding in Bangladesh were particularly dangerous. Most recently, deadly wildfires have destroyed areas outside of Athens.