Since the dawn of the Covid-19 pandemic and the subsequent lockdown restrictions to contain the spread, most businesses have been pushed into financial dire straits as the markets plummet.
While the tech industry has significantly grown, especially the big tech companies in Silicon Valley and anywhere else in the world, it is mostly those industries which solely operate on physical interaction terms which have been at the most disadvantage.
For most other businesses newer strategies have been developed to adjust and adapt to the new normal, shedding jobs and working remotely where needs be.
These developments have also had substantial impact on the insurance industry. Business interruption covers, medical covers, unemployment insurance cover as well as cover for assets have had to fork out billions in claims, whilst dealing at the same time with policy cancellations as most clients seek to revise their monthly expenditure to cater only for the essentials that they cannot live without.
Be that as it may, in this article we will provide a general guidance on what policy holders (individuals or businesses) need to look out for so that the process of submitting claims may not face hurdles. This approach is not specific to any type of insurance cover or product but generalised to cater for what most insurers will require when a claim is submitted for processing.
Our capable insurance law department has attorneys endowed with years of extensive and successful experience. We assist with guidance on claims, consultation on policy provisions as well as appeals on rejected claims.
You will absolutely have fond memories from our comprehensive and specialist services. We also assist in a wide array of other areas of law. Kindly make contact with us for comprehensive assistance in these and other matters.
The information contained in this site is provided for informational purposes only, and should not be construed as legal advice on any subject matter. One should not act or refrain from acting on the basis of any content included in this site without seeking legal or other professional advice. The contents of this site contain general information and may not reflect current legal developments or address one’s peculiar situation. We disclaim all liability for actions one may take or fail to take based on any content on this site.
Subscribe to our Newsletter
Estate Agent Training
Bond & Transfer Calculator
Get the latest updates in your email box automatically.