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Slaters clarifies business interruption payout policy
Slater and Gordon has issued a statement to business owners, noting how many remain unaware of the losses they’re able to claim as a result of repercussions stemming from the COVID-19 pandemic.
Emma Musgrave
According to Slater and Gordon senior associate James Hunter, owners who have suffered a loss off the back of COVID-19 restrictions may be eligible for a business interruption insurance payout.
“Restaurants, bars, gyms, dance studios and businesses offering public-facing services who lost money as a result of COVID-19 may be able to go ahead with a business interruption insurance claim.
“Businesses that can now potentially make claims include some that were previously denied claims for losses based on the NSW ruling.”
Mr Hunter advised business owners to check their insurance policy and seek further advice, even if being previously told they’re ineligible for the payout from their insurer.
“COVID-19 has disrupted all of our lives this year, and none more so than those businesses that rely on customers. We strongly urge people to check their insurance policy and to seek advice if they think they may be eligible or even if they’re being told by their insurer that they’re not,” Mr Hunter said.
“If businesses are unsure about the exemption detail or time frame that applies within their policy, it’s best to seek legal advice.
“Even though the current ruling will likely be appealed and continue to play out in the court system — potentially for years — businesses are currently able to challenge exclusions individually.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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