Locked
Santam in ugly battle against small businesses over Covid-19 business interruption claims. LISTEN!
Many small businesses are struggling to survive and, adding to their misery, claims for business interruption are being rejected by many insurers.
The reluctance of big insurers to pay for business interruption claims is threatening the livelihood of many small businesses especially in the hospitality and tourism industries. There has been a first victory when a Cape restaurant won a court case against Guardrisk, but Santam insists the lockdown is not covered. – Linda van Tilburg
Many businesses in the hospitality and the tourism industry are struggling to survive. Adding to their misery: their claims for business interruption are being rejected by many insurers. In dismissing claims insurers have alleged that government regulations in respect of the lockdown are the cause of the loss, and not Covid-19.
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