Expert Opinion: Changed your business for Covid-19? Make sure you are covered!

Stockport based C&C Insurance Brokers have seen many of their clients within the life science industry finding new ways to use their expertise and facilities in order to help with the current Covid-19 crisis; including producing hand sanitiser or PPE.

As we are experiencing such uncertain and worrying times it is so great to see many businesses stepping up and finding ways in which they can help. However, changing what a business is doing, even if only temporarily, can affect the validity of a business’ insurance.

Rob Black, Development Director at C&C Insurance Brokers, explains;

It is great for businesses to be able to adapt at times like this, and even more so if it is by providing essential products. However, one important thing that businesses need to remember if they change their business operation, is that they must notify their insurer of any new activity. If your insurer is not aware of the changes and you need to make a claim you may not be covered.

“For example, if you have begun the production of hand sanitiser then your insurer needs to be aware of any new chemicals that are now on-site as this may not be covered in your current policy.

“We are speaking to clients who have spotted new opportunities amid the Covid-19 crisis and have evolved to not only keep their business running but also find a way to help where they can. This is fantastic, but it is important to make sure that your business insurance is still going to provide the cover you need, especially if you are now dealing with potentially hazardous material.”