COVID-19: Navigating business insurance issues
COVID-19 has interrupted life in Australia as we know it. In the context of insurance, COVID-19 was declared to be an 'insurance catastrophe' by the Insurance Council of Australia on 11 March 2020, with the consequences of the catastrophe being unknown. The purpose of this article is to look at a number of the practical issues we have encountered in business insurance and provide suggestions for the steps insurers and insureds can take to...