Note:
– This schematic is for Business Pack. ISR will be a different policy wording but “similar” process.
– Each Insured’s claim needs to be considered against their individual policy wording and policy schedule. A “deep dive” will have to be conducted in each and every individual case.
– If a loss MAY be covered; then the Insured will have to establish amount of loss based on Policy Gross Profit calculation etc as applicable.
– Caution: Claims Preparation Costs will only be payable if it is an acceptable claim. Consideration needs to be given to potential coverage outcome before incurring.
– Generally most Business Pack policies do not have “sublimits” for Infectious Disease and/or Prevention of Access. Need to check policy wording and schedule in regard to potential limitation.
– Our role is to support clients who wish to pursue a claim. However, they need to be aware there are a number of policy coverage sections and exclusions that could come into effect. Each and every claim will inevitably be difficult.