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ASIC Letter To Insurers, Lloyd’s Coverholders And Brokers

Date 16/10/2020

ASIC has written to insurers, Lloyd’s coverholders and brokers about handling business interruption insurance claims arising from the COVID-19 pandemic.

The letter outlines:

  • ASIC’s work in relation to business interruption insurance policies held by small businesses
  • how general insurers, Lloyd’s coverholders and brokers should approach handling claims on these policies in light of COVID-19.