FAQs: Managing your insurance during COVID-19April 23, 2020
Tourism businesses across the country have asked for guidance on managing their insurance policies during COVID-19. Fáilte Ireland has worked with an independent insurance advisor to provide general information in response to questions we’ve had directly from businesses on how to interrogate insurance policies with a view to reducing payments where appropriate, securing refunds and determining eligibility for claims.
The information in this FAQ guide is general and is intended to highlight some issues that businesses may wish to review with their insurance broker or adviser. The document addresses a range of topics including:
- What do I need to consider in relation to my insurance cover in light of COVID-19?
- Do Business Interruption policies cover financial loss related to COVID-19?
- What premium reductions might be achievable for your current insurance period?
Insurance policies are complex and therefore it is essential that businesses seek their own professional advice regarding their particular insurance arrangements and take steps to protect their business during the COVID-19 crisis.