ASIC urges small businesses that suffered losses from COVID-19 closures to lodge insurance claims
ASIC is urging small businesses to lodge insurance claims to try to recover losses resulting from pandemic restrictions.
Small businesses are being urged by the Australian Securities and Investment Commission (ASIC) to lodge insurance claims to try to recover losses resulting from pandemic restrictions.
ASIC and the Australian Financial Complaints Authority (AFCA) want to boost the number of business interruption claims, after only 3,000 businesses of those that may be eligible for coverage have lodged claims since the pandemic began last March.
Business interruption insurance covers losses to trading caused by events such as infectious diseases and natural disasters.
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