Please get in touch to discuss your personal circumstance by calling 01274 515747 or emailing mail@lwood.co.uk.
We will also continue to provide useful information, news and links to helpful resources.
Business Insurance
Due to the variety of policies and businesses specifications, we recommend you contact your usual contact to discuss your circumstances.
However, please find some general guidance:
Do I still need employers’ liability even though staff are homeworking or furloughed?
Employers’ liability insurance is a legal requirement for limited companies, partnerships and sole traders when they employ staff. The introduction of homeworking and furlough as a result of the pandemic has not changed this requirement.
Am I covered for business contents whilst working from home?
You will need to speak with your broker but many insurers have clarified or adapted their policy to extend cover to include business equipment at home.
Do I still need business interruption insurance?
Many businesses have been forced to close and despite not trading, it is advised to keep the cover in case of any loss from fire or flood damage.
Help for customers facing financial difficulties due to Covid-19
If you’re struggling financially due to Coronavirus (COVID-19) and need help, insurers may be able to assist you. Please contact us to discuss your options. We are here to help you and support you.
Travel Insurance
If you have had a trip cancelled then please contact us to discuss what to do.
Useful links for you and your business:
GOV UK – Financial Support for Businesses
Association of British Insurers – Coronovirus Information HUB
British Business Bank – Coronavirus Business Interruption Loan Scheme (CBILS)
Coronavirus has tested the resolve of the UK’s high street, accelerating the demise of major names like Debenhams, Oasis and Brighthouse, and iconic British brands such as Laura Ashley and Cath Kidston. Experts predict a number of retailers, already struggling pre-Coronavirus, may go under, due to lack of buyers in the current environment. High street […]
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Business continuity plans (BCPs) have been put under great strain by Coronavirus. Where a BCP considered a ‘worst-case scenario’, this is unlikely to have been a pandemic affecting global and national supply chains and the entire UK workforce. Since the introduction of social distancing, many businesses have adopted new modes of working but may have […]
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As the exit strategy from Coronavirus is being unveiled and businesses look at what their “new” trading requires, getting up and running will present a number of challenges for many business owners. However, the business you ran before Coronavirus may not be the one to which you eventually give a trading renaissance to. The steps […]
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The deadly coronavirus has spread from China and entered the United Kingdom. Knowledge, caution and preparation can help protect employees and businesses. You will have seen the recent news reports regarding the outbreak of the novel coronavirus in Wuhan, China, and its subsequent spread to a number of other countries. This situation is developing and […]
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Reported cases of Coronavirus (COV- ID-19), first reported in Wuhan, China on December 31 2019, have reached pandemic levels, with 48,010 laboratory confirmed cases detected in 25 countries as of February 14 2020, and 1383 deaths. But it is the epicentre of the outbreak, in China and Hubei province in particular, which is affecting not […]
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