Many organizations are facing significant losses as a result of the COVID-19 pandemic. They will need to carefully consider their insurance policies to determine which of them may respond and help to recover losses sustained. This might include the cost of cancelled travel or corporate events or any extra costs of working where staff have been told not to come into the workplace for prolonged periods. Perhaps more critically, where customers or supply chains have been disrupted due to the spread of the virus, many businesses will need to consider whether any resultant loss may be recovered.
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