16 October 2020
ASIC has written to insurers,聽Lloyd鈥檚 coverholders and brokers about handling business interruption insurance claims arising from the COVID-19 pandemic.
The letter outlines:
- ASIC鈥檚 work in relation to business interruption insurance policies held by small businesses
- how general insurers, Lloyd鈥檚 coverholders and brokers should approach handling claims on these policies in light of COVID-19.