Many organisations, particularly those in the hospitality and leisure industry, remain exposed to the financial consequences of a future pandemic. The UK Government's National Risk Register identifies a future pandemic as one of the most catastrophic risks facing the UK.1 However, many commercial insurance policies no longer cover losses caused by communicable diseases. This means that if your business is forced to close or loses income due to a future pandemic, standard policies may not provide the protection you need.
A specialist pandemic insurance solution
To help organisations manage the financial impact of a future pandemic, we have developed a specialist insurance solution. This annual non-damage business interruption policy is designed to cover loss of business income caused by a catastrophic communicable disease outbreak, even when there's no physical damage to property.
The cover is triggered when the World Health Organisation (WHO) declares a Public Health Emergency of International Concern (PHEIC) and UK civil authority restrictions are introduced in response to the outbreak.
Key features of the policy
- Non-damage business interruption cover for pandemic-related income loss
- Trigged by WHO PHEIC declaration and UK civil authority restrictions
- Designed specifically for pandemic scenarios
- Claims paid within 30 days of a valid claim
- Cover available on a packaged basis
- Premiums starting from £5,000 plus Insurance Premium Tax
Backed by Munich Re
This policy is underwritten by Munich Re, one of the world's leading providers of reinsurance, primary insurance and risk solutions. Munich Re's Epidemic Risk Solutions team, established in 2018, is dedicated to addressing the growing threat of global pandemics.
