Implications of COVID-19 on Business Operations and Construction

As the world continues to come to terms with, and adapt to, the COVID-19 pandemic, organisations must prepare for any events that may impact business operations and/or construction projects.

Whilst feedback from the insurance market is still fresh and there are many ongoing conversations around how the pandemic will impact underwriting guidelines, to ensure our clients are prepared for a worst-case scenario should the situation arise, we provide key insights for organisations beginning their insurance renewal process and for those in the middle of construction projects.

If a shutdown to construction projects is mandated by the government, it is particularly important from an insurance perspective, that clients are able to demonstrate they have taken all reasonable steps to secure the project.