Preliminary information on Business Interruption Insurance coverage for COVID-19
Noble Insurance has sent out their preliminary findings (which are not exceptionally positive) on gaining a payout on business interruption insurance for COVID-19 related claims.
Many of our insureds do have business interruption insurance on their current policy. However, so far in our investigations of the coverage with all of our insurers (and as you can imagine we are getting hundreds of inquiries) it appears that loss of income claims as a result of Covid-19 are not covered. Notify your insurance provider if you are working from home: Read more at: https://www.growvantage.com/resources-during-covid-19/
Business Mentor at Grow Vantage
Patricia is the Business Mentor and owner of Grow Vantage and a Past President of the Barrie Chamber of Commerce. She applies over 30 years of business experience (from start-up to corporate) to mentor entrepreneurs. Since 2011, she has held over 4,500 coaching and training sessions in Barrie, Ontario. Through Grow Vantage, her entrepreneurial training program, and as a business coach, she works with business owners to design, launch and grow their businesses; teaching strategies in marketing, sales, communications, and finance, and techniques to increase productivity, and manage their businesses. In other words, what entrepreneurs need to learn to grow and run their businesses successfully, grow their networks, and avoid costly mistakes.
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