Insurer Covid 19 updates – NIG

NIG updates

NIG update 12 January 2021

As we have previously advised to you, the concessions allowed by NIG have now ceased and you need to advise your usual Bridge contact if any aspect of your risk or business has changed in anyway in response to the lockdown(s) imposed in response to the Covid-19 virus by the UK Government.

Further information on the type of information we need to be made aware was detailed in our letter of 11 November 2020 – a copy of which can be found by clicking here.

NIG update 19 June 2020

NIG Unoccupied Premises Update

We have been issued the following update by NIG:

For businesses with existing NIG policies that cannot reopen at this stage for reasons associated to the pandemic we will agree to extend the initial 90-day period ending the 22nd June 2020 for a further 45 days (until 5th August 2020) subject to:

  • The premises being secured by putting all protective locking devices and any alarm protection into effective operation.
  • Gas, water and electricity supplies at the mains being switched off (except electricity needed to maintain any fire or intruder alarm systems, or water and heating systems for fire sprinkler systems).
  • The insured or their representative visiting the premises every seven days and carrying out any work necessary immediately to maintain the security of the premises.
  • Removal of all post, trade refuse and waste materials from the interior of the premises, allowing no accumulation of refuse or waste in the adjoining yards or spaces owned by the insured.
  • The policy not being due for renewal before 5th August 2020.

Assuming clients can adhere to these conditions there is no need to contact us.

Please note for any policy that is due for renewal and will remain unoccupied we require notification of:

  • The reasons for unoccupancy. Is this solely due to lockdown?
  • How long are the premises likely to be unoccupied for?
  • What is the client’s current strategy for managing the risk during unoccupancy. For example; inspections, security etc?
  • Have there been any incidents while unoccupied? For example; either damage to the property or unauthorised occupation?
  • All other conditions that require policyholders to take action or respond to intruder alarm activations, faults or other maintenance-related matters will continue to apply, unless otherwise agreed as impractical due to COVID-19 Government guidance.

If you need to discuss this further or are unable to comply with any of the requirements please contact your usual Bridge adviser.

Useful information

In these challenging and uncertain times we would like to reiterate that Bridge Insurance is deeply to committed to all our clients and we will continue to act in your best interests in these challenging times. We hope that the continued updates from the UK Government regarding financial assistance for business interruption due to the COVID19 pandemic, will prove of use to you.  You can find out more details about this by clicking this link.

Please do not hesitate to contact us if we can be of further assistance.

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