Nursery been flip flopping since yesterday’s briefing as to whether they can close and still pay staff. The insurance company deciding whether or not they are liable by interpreting and reinterpreting the government position until in their favour, outcome being that, after all, it will be open next week and beyond. Can’t be much longer until they have committed to some language that will trigger a liability - in, you know, the interests of public safety (wtaf) - but is the insurance / reinsurance industry capable of sustaining an event like this?
Very few businesses would benefit from such trigger language, most Public Authorities extensions on a business interruption insurance policy have a disease exclusion, and most disease extensions specify the diseases that will trigger cover (Covid19 isn’t one of them).
Nursery been flip flopping since yesterday’s briefing as to whether they can close and still pay staff. The insurance company deciding whether or not they are liable by interpreting and reinterpreting the government position until in their favour, outcome being that, after all, it will be open next week and beyond. Can’t be much longer until they have committed to some language that will trigger a liability - in, you know, the interests of public safety (wtaf) - but is the insurance / reinsurance industry capable of sustaining an event like this?