Following the recent Government announcement, from tomorrow, most UK businesses are required to vacate their working premises and offer remote working options for employees. Whilst we know there is a lot to think about as you prepare your business for lockdown, please be aware of the insurance implications of your business premises being unoccupied.
Each insurer will have an 'Unoccupancy Condition' built into their policy wording which may incur reduced cover, higher excesses and certain measures that must be adhered to following the property being unoccupied. We are working closely with our insurance partners regarding what we can both do to assist the insured throughout this uncertain period.
Click the link below to view an example checklist that shows what most insurers will be expecting their insured clients to adhere to during this lockdown:
SRIS - Property Shutdown Checklist
We can provide a wealth of information on how to ensure a safe working environment for your employees, amongst other useful resources. We are committed to supporting businesses throughout this difficult period and beyond.
If you are concerned about any potential insurance implications due to the unoccupancy of your premises, please do not hesitate to contact our expert team to discuss in more detail.
We can also undertake a thorough review of your existing insurance programme to ensure you have the appropriate level of cover in place, including any change in activities as a result of COVID-19. We understand that this is a very cost-sensitive period for many businesses and therefore, we will endeavour to identify any areas where costs can be mitigated. To request a confidential review of your insurance programme, please click here.