{"id":16069,"date":"2020-05-29T17:13:59","date_gmt":"2020-05-29T15:13:59","guid":{"rendered":"https:\/\/fiala.de\/business-closure-insurance-bsv-in-the-corona-crisis\/"},"modified":"2023-01-16T15:28:36","modified_gmt":"2023-01-16T14:28:36","slug":"business-closure-insurance-bsv-in-the-corona-crisis","status":"publish","type":"post","link":"https:\/\/www.fiala.de\/en\/business-closure-insurance-bsv-in-the-corona-crisis\/","title":{"rendered":"Business closure insurance (BSV) in the Corona crisis"},"content":{"rendered":"\t\t
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Corona-related plant closures: The insurances<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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When the authorities decided to close the restaurants<\/strong>at the end of March 2020, many restaurateurs were sure that this would be a clear case for the business closure insurance<\/strong> schemes. Business closure insurance is a catering industry<\/strong> and hotel industry<\/strong> as well as in all food-processing companies or companies operating in the context of such companies.<\/strong> The insurance, at least in the opinion of many, is intended to cover a agreed cost<\/strong>framework in the event of a officially ordered closure<\/strong> of the business, thus ensuring the continued existence of the business<\/strong>. The farm closure insurance<\/strong> is of existential importance<\/strong> for all farms dealing with food<\/strong>, because there is always a risk of disease germs<\/strong> and pathogens<\/strong> finding their way into the company.<\/p>\n

In principle, it is also important in the context of the corona crisis<\/strong> that the risk of a infection hazard in the company <\/strong> or the mere suspicion thereof, with the consequence of an official closure of the company<\/strong> , is already insured. For this reason, a business closure insurance<\/strong> should also be sharply separated from a business interruption insurance<\/strong>, as the latter is not affected by the Infection Protection Act<\/strong>.<\/p>\n

In contrast to the former, a business interruption insurance<\/strong> policy only ever regulates in the context of a material damage that has occurred, which was also the damage triggering event.<\/strong> Accordingly, a business interruption insurance policy<\/strong> would only regulate the loss incurred and the loss of earnings<\/strong> if, for example, a business is unable to continue production after an explosion. Thus, in the context of the corona crisis, no triggering event with property damage<\/strong> has occurred and the insured person can therefore claim any insurance claim<\/strong>. However, it should be mentioned at this point that business interruption insurance<\/strong> could also be considered for claims settlement, possibly by means of an additional insurance module, so-called extended coverage module <\/strong>or a all-risk policy,<\/strong>.<\/p>\n

An individual check<\/strong> of the contracts is absolutely necessary at this point, since, if necessary, epidemic and\/or infectious diseases<\/strong> may be expressly named as insured risk<\/strong>. Furthermore, it is possible that the insurance includes all-risk cover<\/strong>, which also covers corona-related<\/strong> losses. This would be interesting insofar as retroactive losses<\/strong> would also be covered, depending on the contract.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Current problem of business closure insurance in the context of Corona<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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For several weeks now, this topic has also been making the rounds in the media. caterers and representatives from the food industry<\/strong>, who had to close due to the corona pandemic<\/strong>, are increasingly encountering insurers<\/strong>, which preclude the settlement of claims by the business closure insurance<\/strong> in connection with corona<\/strong>. This is particularly threatening for restaurateurs and an entire industry sector, as the application for short-time work benefits and a simultaneous entitlement to insurance benefits are mutually exclusive. short-time work allowance (KUG) is<\/strong>t<\/a> in summary a company aid to relieve employers<\/strong> to keep employees in the company so that they are still available after the crisis. The problem in connection with the current pandemic is that employers who are entitled to a legal claim from a company closure insurance (BSV) may not apply for short-time work benefits.<\/strong><\/p>\n

Due to the large number of affected businesses<\/strong>, some insurers now claim that the closure of a business due to corona is not even covered by the policy. Nevertheless, there are many insurers who regulate completely without any problems. Still other insurance companies work in particular in Bavaria<\/strong> with advanced “goodwill payments”<\/strong> of 10-15%<\/strong>, if one waives his full scope of benefits in return. With an almost one hundred percent drop in all revenues, entrepreneurs are currently finding it difficult to manoeuvre the company through the crisis. It is already foreseeable that the insurers are facing a wave of lawsuits<\/strong> and that many of the claims made so far have been wrongly rejected<\/strong>.<\/p>\n

Our recommendation:
<\/strong>Leave your business closure insurance<\/strong> in case of doubt and then claim the full extent of the insurance benefit.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Business closure insurance Corona: How we support you in your business closure<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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