Billions May Still Be Owed to SMEs by Their Insurers in COVID Business Interruption Claims
The COVID-19 pandemic wreaked havoc on economies worldwide, leaving businesses, especially small and medium-sized enterprises (SMEs), grappling with unprecedented challenges. Among the myriad of obstacles faced by SMEs, the battle for insurance payouts due to business interruption claims stands out as a contentious issue. As the dust settles and businesses attempt to recover, a disturbing […]
Understanding Insurance Coverage for Business Disruption
In the wake of the COVID-19 pandemic, businesses worldwide have faced unprecedented challenges, including closures, supply chain disruptions, and revenue losses. For many, business interruption insurance has emerged as a potential lifeline, offering financial protection against the adverse effects of such disruptions. However, understanding what types of business disruption are covered by insurance policies, particularly […]