Insurance advice for businesses during the COVID-19 outbreak

MIA member John Morgan Partnership has prepared the following announcement.

During these difficult times  MIA members may be readjusting their business by manufacturing products that are different from their normal product lines. An example has been seen recently with F1 teams looking to manufacture ventilator machines to assist the NHS. As a precaution we would recommend that your insurer or broker are advised of any changes to avoid any possible problems with regard to your Product Liability insurance.

Also, if you are being forced to close down for a period of time you should also advise your insurer or broker, and if your premises is being left unoccupied the following precautions should be taken;

• Heating should be left on but other critical services powered down if not required, unless to support protection or detection systems.

• Drain all water and fuel supply tanks, apparatus and pipes.

• Keep external areas free of waste and combustible materials.

• All fire protection, detection and security systems to remain active and monitored remotely if possible.

• Adequacy of security patrols should be assessed based on likely periods of unoccupancy and type of business, particularly in high crime areas.

• Consideration should be given to accumulation of vehicles, proximity to buildings and their security when premises is left unattended.

These are unprecedented times and there are many things that businesses are having to cope with, but communication with you insurer or broker to keep them advised of your position will help you to protect your interests, and the above points will help to protect your assets and ensure that your insurance cover will not be compromised. 

For more information contact Colin:
colinj@johngroup.co.uk
07850 169482

Visit the John Morgan Partnership website here.