With regard to the business insurance issues related to COVID-19, we have consulted various relevant specialists and professionals who advise that the following course of action would be the most likely to succeed in ensuring that the insurance companies treat you, the insured fairly (Treating Customers Fairly is a firm requirement of Financial Sector Conduct Authority).
It is important to note that this document is purely our opinion and proposes how we intend to approach this matter. We would like our members to present a unified front and approach the insurance companies in a coordinated manner. Be advised that anything said by us herein is purely our opinion which is communicated without prejudice and we reserve the right to amend or withdraw it, or part thereof, at any stage. The content hereof is not intended to be legal or other advice, and should not be interpreted or construed as such.
➔ TTA Joint Effort Regarding Insurance Issues as at 24 May 2020 [Member access required]
Should you wish to receive legal opinions and advice and join a possible class action send an email with your insurance policy to email@example.com and Burden Swart Botha & Maluleke attorneys will make contact with you.
Communication re COVID-19 – Regulatory response: Business Interruption Insurance