Insuring against a pandemic
most South African businesses – big and small – are being affected by the global outbreak of the coronavirus and the subsequent harsh measures to curb the spread of the disease.
Many are now fervently reading their insurance policy documents trying to find answers to their financial woes. However, very few will be finding the answers they’re looking for.
Donald Dinnie, director at law firm Norton Rose Fulbright, says many will be looking to see if their insurance policies include business interruption, liability and event cancellation clauses.
A business interruption policy, a form of a contingency policy, underpins an underlying property damage insurance policy such as an assets
