May 22, 2020
Covid19 – Insurance Update
The impact of COVID-19 (Coronavirus) is being felt across the globe. We understand this is an incredibly difficult time for families and businesses as people seek to make the right decisions for their own health, that of their family and their employees.
We want to assure you that Wilsons are continuing to operate with some of our team working from home and a core team in the office. If required please contact your usual Wilsons contact or call the office on 0115 942 0111 with any queries, as always we are here to help.
Each business will be making adjustments for Covid19. We are aware that some may cease operating from their premises temporarily, for a variety of reasons. Insurers have recognised that Covid19 and government action on social distancing, then stay at home measures may mean that some businesses will not be able to meet the unoccupancy conditions of their policies. As a result insurers have introduced changes to relax policy conditions to take into account this unprecedented situation.
We have established the position on business premises being temporarily closed due to Covid19 with the commercial insurers protecting our clients and are pleased to confirm that a flexible approach is being taken by those insurers. We will continue to monitor changes made by insurers as the government measures develop.
The action we need from you is to inform us if you have or will be leaving your business premises unoccupied temporarily or have commercial tenants vacating. We can then ensure you are aware of your insurer’s position and the precautions necessary during the temporary closure or unoccupancy.
If this applies to you please contact your usual contact or the office, we will need the following information:
- 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 the interior of the premises or waste accumulated outside of the premises
If you have commercial tenants vacating, please contact us with details of the unoccupancy.
It is worthwhile emphasising that we are providing support to clients as usual, albeit currently we are not able to do this face to face and some insurer timescales are slightly longer. If you need to contact us please do not hesitate to do so.
On behalf of all at Wilsons take care and stay safe.