This section has been created to guide businesses at a time of global uncertainty due to the ongoing coronavirus pandemic confirmed by the World Health Organisation (WHO). It is, therefore, a critical time for businesses to remain cashflow positive and maintain continuity (business as usual). The UK Government (and devolved governments) have announced a range of measures to support businesses with financial support and guidance. There has also been a range of measures introduced to reduce the impact of ongoing events that may impact you and your business.
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This sub-field has been created to guide you on the financial support made available by the UK Government and banking providers that may be relevant to you and your business. The financial support and schemes that have been announced are unprecedented in response to the impact of the ongoing coronavirus pandemic. You should consider this financial support extremely carefully, including, in particular, the eligibility requirements.
This sub-field has been created to guide you on the impacts and changes that the ongoing coronavirus pandemic may, or could have on your employees. This includes reference to the various support mechanisms and measures announced by the UK Government, as well as other industry bodies to aid the protection and retention of employees.
This sub-field has been created to guide you on the legal and procedural mechanisms and measures that may be available to you at a time of ongoing uncertainty. There are particular complex legal provisions, rules and doctrines that may be at your disposal to adapt or release you from contractual obligations.
This sub-field has been created to guide businesses on common queries and concerns in reviewing business insurance policies in light of the ongoing impact of coronavirus. Businesses will be suffering from interruption to their usual activities and loss of income due to this.
The type of loss or damage incurred will determine which policy of insurance will apply to such events. It would be good practice to review all policies of insurance should your business be impacted by coronavirus or COVID19.