COVID-19 - Business Insurance coverage Q&A
The coronavirus outbreak has left many small business owners wondering if their insurance covers losses caused by the pandemic. Follow our Q&A special on Business Insurance.
Can I get business insurance coverage (such as a business owner’s policy) after a coronavirus-related loss occurs?
No. Just as you can’t purchase collision coverage and expect the insurance company to cover a car accident that already happened, you can’t buy coverage for a pre-existing business loss.
Does my business income policy protect me while my business is temporarily closed due to COVID-19?
Generally speaking, the answer is no.
Most business income policies require physical damage to the building covered on the policy to qualify for business income benefits. Business income loss from a virus, bacterium, or other microorganism is not usually a “covered peril.”
Though it's not included in standard coverage, you can purchase a communicable disease rider for some policies – but never after the fact.
If you have more questions about insurance, feel free to contact us!
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文章來源 (Source): https://www.insureon.com/blog/coronavirus-business-insurance-coverage-frequently-asked-questions