Car Insurers in Ireland agree on measures to ease Covid-19 Crisis
The car insurance industry in Ireland has announced a collection of measures aimed to help personal and business customers through the difficulties brought forth by the Covid-19 pandemic; they included a reduction in premium rates for business customers that will reflect the decreased level of exposure due to restrictions put down due to the pandemic. Nonetheless, the insurance providers have also alerted that most typical business interruption policies do not cover any claim for a pandemic-based situation like Covid-19. It has risen to be a complex issue in the business world as no insurance markets in the world provide insurance coverage for pandemic related issues, and Ireland is no exception. Insurance Ireland says that insurers are very mindful of their commitments to the customer and will arbitrate every claim fairly and remain in line with policy terms and conditions. They also added that participating companies have agreed that the government states that to close busine...