Tuesday June 2, 2020

Some business owners facing reduction in risk coverage for unoccupied properties

Move comes despite government’s request for firms to temporarily shut down due to Covid-19 crisis

29th March, 2020
Properties that were closed due to Covid-19 restrictions would not “incur additional premium or any restriction in cover provided clients

Business owners across the country have been told that their properties will be insured against fewer risks if left unoccupied for a period of time despite the government’s request for many to shut indefinitely in the wake of the Covid-19 outbreak.

The Business Post has seen correspondence between brokers and business owners which states that the risks against which their property is insured against will reduce after 30 days.

It has been further advised...

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