Wednesday August 5, 2020

Covid-19: Insurer said it would pay out if closures were ordered by state

Pubs that closed following request by Health Minister would not be eligible for FBD’s business interruption cover

23rd March, 2020
Simon Harris, the Health Minister, asked all publicans to close their doors on March 15, in effect leaving them with little option other than to comply. Picture: Sam Boal/Rollingnews.iw

FBD recently told business customers that their insurance would cover losses associated with the Covid-19 outbreak so long as they were instructed to close their doors.

The Irish insurer said last week that its policies did not cover pandemics. The Business Post, however, has seen documents that show customers were explicitly told that their policies would cover them in the event of having to shut as a result of the coronavirus, provided they did not...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

Prominent publicans warn that many hostelries are reaching a financial breaking point after being closed for almost five months

Killian Woods | 3 days ago

Lack of Vat relief, pricey loans and a staycation subsidy will not help firms for whom trading is down by up to 90 per cent

Lorraine Sweeney | 1 week ago

Some 1,700 Airbnb hosts in rent pressure zones are failing to register properties with local councils

Michael Brennan | 1 week ago