Most commercial insurance policies do not provide cover for business interruption resulting from Covid19, but there are some, often provided for hotel and hospitality business that may cover closure of premises following a notifiable disease. Restrictions and exclusions vary from policy to policy. Cover may well be limited to the level of income that would have been achieved in a period given the reduced footfall. ILAA members may be able to provide advice to business owners in this respect.
Independent Loss Adjusters Association
What is ILAA?
An association of professional practices engaged in the negotiation and settlement
of insurance and other claims on behalf of Insurers, Lloyd’s Underwriters, Insurance
Brokers and others, including commercial and private policyholders.
Ethical Standards
All members undertake to deal with claims in a professional and ethical manner,
have no financial interest in any party involved in the settlement of a claim and,
other than a fair fee from their clients, do not accept commissions, benefits, or
inducements from any other party that may call into question the independence and
objectivity of the advice given to the client.
Claims Review Service
Members of the Association offer a Claims Review Service to Insurers, Reinsurers, Policyholders, Brokers and other intermediaries, in order to resolve disputed or problem insurance claims. Further Details