We understand this is an uncertain time for businesses and people are concerned about the impact Covid-19 will have on their organisation. Therefore, we have created this hub to support our customers so you can access all of the latest information from Insurers, including the position on cover and the risk management support available.
How to contact Pound Gates
General Enquiries - wherever possible, please make contact via email to your usual contact point or to our central mailbox: email@example.com.
Claims - if you need to make a claim or discuss any ongoing claim please email: firstname.lastname@example.org
Accounts - if your query is accounts related please email: email@example.com
Support from your Insurer
Please click on the links below for Your Insurer for their specific Covid-19 information:
If your insurer is not listed above or you have any questions that you feel have not been covered within their FAQ section, please do get in touch with your usual Pound Gates contact or email firstname.lastname@example.org and we will get back to you as soon as possible.
If you are experiencing temporary financial difficulty as a result of Covid-19 then please do get in touch so we can explore possible options with you to help reduce your premium. Each Insurer will have different options of how they are able to help at this time. It will depend on your risk profile and how much this has changed. There may also be options available to help reduce your monthly premium if paying by instalments. Please do speak to your usual Pound Gates contact who will be able to discuss this with you further.
Business Interruption (BI) Insurance
It is worth highlighting that the current view across the industry is that for Business Interruption cover to be in place, the wording needs to state pandemic or epidemic cover is included, not state that Coronaviruses are excluded and allow Covid-19 to be included based on a notifiable disease clause.
It is only when these different elements are in place in a policy wording that it is clear that the insurer intended for there to be cover for this type of event. This appears to be the case in only a very small proportion of issued BI policies, and the basis on which insurers are making decisions to accept claims.
However, you may have seen reports in the media that some insurers are being challenged over the extent and intention of their coverage. In light of this, the Financial Conduct Authority (FCA) has brought its own legal test case to resolve contractual uncertainty relating to the validity of many business interruption claims resulting from Covid-19.
The test case was heard by the High Court between 20-30 July 2020. The High Court Judges will now assess all the information that has been submitted and discussed during the hearing to form a judgment.
There is no fixed timetable on when the judgment will be published but the Court has indicated that this would not be before the middle of September 2020.
Full details of the test case, including all background material and the current status, can be found on the FCA’s dedicated website here. You can also sign up for direct email updates from the FCA test case here.
We fully support the FCA’s actions to seek legal clarity on business interruption insurance and have participated in the review, as required, to support our clients.
If anything significantly changes, as a result of the test case, we will update clients as soon as possible.
Other Useful Links
Below are links to Coronavirus hubs from other organisations:
Returning to Work
If you are a nursery, please visit our dedicated Nursery website for the latest information.