Contact

Is business interruption (BI) insurance a COVID-19 lifeline?

Back to top

Is business interruption (BI) insurance a COVID-19 lifeline?

BI insurance helps a business return to its financial position before a defined incident defined by the policy and may cover loss of revenue, wasted overheads and possibly even increased expenses where these are incurred to minimise loss.

26 Mar 2020 1 min read Dispute Resolution Alert Article

BI insurance helps a business return to its financial position before a defined incident defined by the policy and may cover loss
of revenue, wasted overheads and possibly even increased expenses where these are incurred to minimise loss.

Many BI policies cover an insured only for damage to property and proper analysis of the specific policy wording is vital to
determine whether BI due to COVID-19 falls within the scope of the policy cover. Remember also the general duty to mitigate
loss. Protocols to protect employees and ensure maximum business continuation may prove valuable when submitting a
claim under a BI policy.

The information and material published on this website is provided for general purposes only and does not constitute legal advice. We make every effort to ensure that the content is updated regularly and to offer the most current and accurate information. Please consult one of our lawyers on any specific legal problem or matter. We accept no responsibility for any loss or damage, whether direct or consequential, which may arise from reliance on the information contained in these pages. Please refer to our full terms and conditions. Copyright © 2024 Cliffe Dekker Hofmeyr. All rights reserved. For permission to reproduce an article or publication, please contact us cliffedekkerhofmeyr@cdhlegal.com.

You might also be interested in

17 May 2023

by Aadil Patel and Tendai Jangara

Corporate Investigations and compliance with POPIA

The right to privacy must be upheld when corporate and workplace investigations are conducted.

Corporate & White Collar Investigations

1:37:03 Hours

11 May 2023

by Jackwell Feris

Understanding the importance of the European Delegated Acts for the developing green hydrogen industry in Africa

As part of the European Commission’s (the Commission) REPowerEU plan to scale-up the production and use of renewable hydrogen, ammonia and other derivatives in the European Union (EU) the Commission adopted two European Delegated Acts (Acts) in February 2023. The Acts includes a set of rules and guidelines for the certification of green hydrogen produced within the EU, as well as imported hydrogen from other countries, such as Namibia and South Africa.

Industrials, Manufacturing & Trade

7 min read

23 Jun 2023

by Elgene Roos

The right to apply for asylum in South Africa

The Constitutional Court (CC) recently handed down an important judgment which speaks to the right to apply for asylum in South Africa. Over the past several years, we have seen more and more anti-foreign national rhetoric in the public domain, with even high-ranking government officials contributing to the narrative that foreign nationals are the cause of many of South Africa’s issues. This has resulted in a continuingly shrinking safe space for foreign nationals who intend on seeking refuge in the country. Given our current socio-political climate, this judgment comes at a critical time where the rights of vulnerable people must be protected, in line with our international and domestic obligations.

Pro Bono & Human Rights

9 min read

5 Sep 2023

by Simone Immelman

Have you been released from your personal suretyship or guarantee?

When applying for commercial property mortgage finance, the financial institution may also require additional security in the form of a personal suretyship or guarantee for the obligations of the main debtor.

Real Estate Law

3 min read

14 Jun 2023

by Albert Aukema and Ruan Jacobs

Striking the balance: The correct approach to competing public interest considerations

The Competition Amendment Act 18 of 2018 (Amendment Act), was signed into law on 13 February 2019 by President Cyril Ramaphosa. It made several significant amendments to the Competition Act 89 of 1998 (Competition Act), one of which was the amendment of section 12A by the addition of a paragraph (e) in subsection (3). This paragraph directs the competition authorities, when considering whether a merger can or cannot be justified on public interest grounds, to consider the effect that the merger will have on “ the promotion of a greater spread of ownership, in particular to increase the levels of ownership by historically disadvantaged persons and workers in firms in the market ”.

Competition Law

4 min read

25 May 2023

by Lucinde Rhoodie

Balancing the scale of gender in dispute resolution and the legal sector

In episode two of our CDH Women Empowerment podcast series we speak with Lucinde Rhoodie, a Director in our Dispute Resolution practice. Lucinde delves into balancing the scale of gender in dispute resolution and the legal industry.

Dispute Resolution

09:54 Minutes

This website uses cookies to enhance the browsing experience. For more information, please see our Cookie Policy.

Accept Decline