Covid19 – Insurance Update | Wilson Organisation


August 17, 2020

Covid19 – Insurance Update

Covid19 – Insurance Update

At the start of the lockdown, commercial insurers took a very flexible position on business premises being temporarily closed due to Covid19. The vast majority of insurers did not apply the restrictions in their policies for unoccupied properties. With a UK-wide lockdown no longer in place any buildings that remain closed will now be treated in line with the insurer’s normal approach to unoccupied buildings in line with your policy.

Extended Closure

We are aware that some businesses have chosen not to reopen their premises for a variety of reasons. If your property remains unoccupied it is essential that you inform us so that we can notify your insurer. We will then ensure you are aware of your insurer’s position and the precautions required.  

There will be a number of circumstances where concessions will be considered, but unlike during the UK-wide lockdown period these must be individually agreed with the insurer, based on the information you provide.

Local Area Lockdowns

In cases of local lockdown, where businesses must close as a consequence of the requirement to control a localised spike in coronavirus infections, you will need to inform us so that we can advise you of your insurer’s position, based on the information you provide.

Reduced Trading or Changes to Trading Activity

Some businesses have changed their activities post Covid19. If your business is operating on a reduced number of working days or other significant changes to your previous trading activities have occurred, we should discuss the changes related to your insurance policies and inform insurers as appropriate, please contact us if this applies.

Commercial Tenants

If you have commercial tenants to which the above relates, please contact us with details.

We’re here to help…

If any of the above applies to you please contact us, where buildings are unoccupied we will need the following:

  • If the premises will be opened periodically for goods collection/delivery or other work
  • Any problems with the usual physical security measures and alarm systems
  • Any problems with removal of trade waste from inside or outside of the premises

We are providing support to clients as usual, although currently we are not always able to do this face to face and some insurer timescales are slightly longer. Please do not hesitate to contact us, as always we are here to help.

On behalf of all at Wilsons take care and stay safe.

Over 100 years of innovation

  • 1914

    A successful launch! The Wilson Organisation was founded in Nottingham by Harold Wilson and became the first company in the East Midlands to offer a comprehensive insurance policy to the region’s fast-growing band of automobile drivers. Innovation from day one.

  • 1920s

    During the 1920’s, Wilsons developed its commercial insurance offering under the stewardship of Harold Wilson. Hopping forwards 80 years, Wilsons has developed a number of industry specialisms including a particular expertise in the food and drink sector. We created a unique insurance offering called “FoodProtect” and, through this service, have been able to deliver intelligence and cost-effective insurance programmes to a broad spread of leading food producers. The best thing since sliced bread? Maybe not, but we’re working on it.

  • 1949

    John Prow joined Harold Wilson in the business, marking the first generation of the Prow family’s involvement in The Wilson Organisation. Wilsons’ clients included leading Nottingham firm Boots The Chemist plus a number of operators in the burgeoning railway sector. With post-war regeneration beginning apace, the firm’s fledgling construction expertise quickly developed into one of our leading offerings and this continues through to the present day, with clients including national and regional builders, developers, contractors, sub-contractors and architects.

  • 1960s

    The 1960s were the start of a new era for The Wilson Organisation. Harold Wilson and John Prow died on the same day in 1963, Harold of illness and John in a car crash. This left John’s son, John J Prow, to run the growing business at the age of 27. Under his youthful direction, Wilsons benefited from a new energy and direction. John J Prow, who had joined in 1960 in a new business role, led the move into our current premises at Wilson House in 1964 and then launched the financial services division in the following year.

  • 1990s

    The late 1990s heralded the start of the third generation of the Prow family’s involvement in the business. Managing Director Charlotte Prow joined in 1998, to be followed by the firm’s Chief Executive, Annabel Prow, in 2002. Product and service innovation continued apace with the launch of a corporate finance specialism in 1997, which continues to deliver valuable cost-savings and insights to the region’s dealmakers.

  • 2000s

    Now century on from the launch of The Wilson Organisation in 1914, the company continues to encourage innovation and reward good ideas. Within the financial services team, 2008 marked the launch of “Flex”, a powerful employee benefit programme and the development of “WRAP”, an investment tool with a unique level of investor control and transparency. Meanwhile, our insurance advisers worked quickly to bring to market a specialist insurance policy for insolvency practitioners.

  • 2010s

    2010 saw the launch of the Midlands Family Business Awards by Wilsons, the UK’s only independent not-for-profit Awards for family businesses. Now in their fifth year, the Awards have raised almost £20,000 for charities supporting families and young people. In 2014 we are celebrating Wilsons’ centenary, a significant milestone in Wilsons’ history.

Registered Office:
Wilson House, 1/3 Waverley Street, Nottingham, NG7 4HG

Registered in England Number 862690 - Members of British Insurance Brokers Association

Harold Wilson (Insurances) Ltd. and Harold Wilson Financial Services Ltd. are authorised and regulated by the FCA (Financial Conduct Authority)