In general, business insurance policies are designed to provide a financial safety net against different damages that may occur, or legal liabilities your business could face. If business interruption insurance forms part of your insurance policy, you’ll receive a replacement source of income lost in the event that normal operations are halted – usually due to damage from a fire or natural disaster.
However, you’ll need to check your exclusions and bear in mind that ‘pandemic’ related incidents may not be covered. What’s more, most policies do not cover civil authority (i.e. when the government forces a shutdown).
For further clarification, read your policy’s Product Disclosure Statement (PDS) or contact your insurer directly.
You can also reach out to the Department of Industry, Science, Energy and Resources (DISER) website for guidance on accessing support from the Australian Government, as well as your local state or territory government.
Last update: 06/04/2020