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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).
marcomarcos-
So the insurance policy is dud?
I don’t really care about continuing to pay the fees (until such point we can’t), but there remains an awkward situation where the government is saying don’t, the nursery is saying do, and ultimately our child is going to be better off getting an education and either of us will be able to work.
I just want to be allowed to safely and guiltily hibernate for a few months with the family now.
J0nathan
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?