The Hospitality Insurance Group Action (HIGA) has announced it is preparing to launch a group claim against insurers Aviva and QBE over unpaid business interruption policies. Get a Business Insurance quote. This information has not been approved for use with customers. An Aviva spokesman said its standard terms and conditions for business interruption do not cover claims relating to the current pandemic but that … Having the right information to hand when making a claim can significantly reduce the time it takes to process it. Aviva has suggested its claims exposure for business interruption caused by Covid-19 could be £200m in a trading update for Q1 2020. The applicable QBE policy wordings, on the other hand, are PHOT010419 (hotel insurance policy), PLSC010419 (leisure combined), PBCC170619 (business combined insurance policy) and PNML010119 (nightclub and late-night venue policy). Depending upon your destination, you may therefore not be covered under your policy for cancellation or abandonment because Coronavirus is now a known event. This distinction to policy small print came about after the 2003 SARS outbreak, when Aviva sought to clarify what was, or wasn’t, covered under its BI insurance. Protect your business against property damage when working on-site or at a client’s home. And it’ll cover accidental injury claims from a client, visitor or member of the public.
The Hospitality Insurance Group Action HIGA), represented by Mishcon de Reya, has revealed that its group litigation will be focused on Aviva alongside QBE. Business Interruption Claims . Issued for use by intermediaries only. So we’ve listed what kind of questions we’ll ask and what we’ll need to know when you or your customer calls. Top-up your public liability insurance with. Explore public liability insurance. Travel insurance is designed to cover unforeseen events. Retrieve a saved quote. Aviva is the latest insurer to be caught up in the dispute over business interruption cover. Business Interruption Insurance: A form of insurance coverage that replaces business income lost as a result of an event that interrupts the operations of the business, such as fire or … For example, Aviva’s business interruption policy wordings specifically excludes claims related to new and emerging diseases, which includes Covid-19 coronavirus. The relevant policy wordings for Aviva relates to its ‘Material Damage and Business Interruption Policy’. In light of the ongoing global situation with Coronavirus as widely reported in the media, there is now a high likelihood your travel plans may be impacted.