In line with UK market practice, our standard Business Interruption cover usually requires damage to your farm, such as storms or fires, in order to be triggered - meaning the majority of customers will not be covered for COVID-19.
Global pandemics such as Coronavirus, which affect the whole population, require societal solutions and larger financial packages from authorities and Governments, rather than cover from insurers, who underwrite assessible risks.
This is something the UK Government is aware of. The Chancellor of the Exchequer, Rishi Sunak, acknowledged many businesses wouldn’t be insured when he announced his £330bn Government support package for businesses.
If interruption to your farm is not covered by your insurance policy, we would advise customers seek out the Government’s package of support for businesses.