Keep up with what’s been happening this week in our latest insurance news round-up…
Many businesses have been warned that they may lose their insurance during the pandemic lockdown if they don’t take certain measures as some insurance policies don’t offer full cover if a building has been unoccupied for 30 days.
Nick Freeman aka Mr Loophole, leading motoring lawyer, has warned that people who are driving to make non-essential journeys during the coronavirus lockdown could be voiding their insurance cover.
Earlier this week, the All England Lawn Tennis Club (AELTC) announced the cancellation of the 2020 Wimbledon Championships and they have said that they are fortunate to have insurance after taking out infectious diseases cover following the 2003 SARS outbreak as they are now due to receive millions in insurance payouts.
Aon, one of the world’s largest brokerage will complete the move of jurisdiction of incorporation for its parent firm to Ireland after starting plans for the move due to Brexit.
Insurtech body, Insurtech UK, has called on the government to provide relief measures for start-ups due to the coronavirus pandemic in an open letter to the Chancellor.