Important Update
If you had Business Interruption Insurance in place as at 30 March 2020, your losses arising from closure due to the NSW Covid-19 Public Health Order will now be covered.
Insurers originally were denying claims under this policy however the NSW Supreme Court of Appeal found that the insurers were citing legislation that had been repealed and that losses from forced closure were indeed covered.
If you have previously lodged a claim and were denied (or have not yet lodged a claim), we encourage you to contact your insurer or insurance broker immediately. Given the expected volume of new claims, insurers are likely to be overwhelmed and clients are recommended to make a claim as early as possible.
If you would like a referral to an insurance broker please let us know.