No matter the size or nature of your business, it is likely that it will be impacted by the coronavirus (COVID-19). Below, we’ve listed the up-to-date insurance implications that are impacting many businesses and individuals across the country.
COVID-19 Insurance Implications
Business Interruption
View ImplicationsRisk Management
View ImplicationsBusiness Continuity
View ImplicationsCorporate Travel
View ImplicationsMental
Health
View ImplicationsWorking From Home
View ImplicationsLife
Insurance
View ImplicationsContractual
Obligations
View ImplicationsWhat Is COVID-19?
Coronaviruses (CoV) are a large family of viruses that cause illness, ranging from mild to severe. In late 2019, a new strain of coronavirus disease (COVID-19) was discovered that had not previously been identified in humans. The World Health Organization has since announced that COVID-19 is a pandemic.
COVID-19
BUSINESS INTERRUPTION & RISK MANAGEMENT
Implications in Australia
![Insurance implications 5 An icon of a document with charts and graphs, featuring a magnifying glass overlay. The document includes two pie charts and a bar graph, symbolizing data analysis or review, possibly regarding COVID-19 implications. The design uses red and grey colors.](https://www.webberinsurance.com.au/wp-content/uploads/2020/03/COVID-Insurance-Implications-1-2.png)
Manage business interruptions caused by COVID-19 and plan your business’ risk management strategy with these resources
- Pandemic risk management for business – Business Queensland
- The Impact of Coronavirus (COVID-19) on Businesses – Does My Policy Cover Me? – Gemini Insurance
- Coronavirus & Insurance – Explanatory papers to assist in coverage description – LMI Group
- Risk management checklist – Ansvar
- Best Practices To Prevent Becoming A Victim Of Social Engineering Fraud – Chubb
- COVID-19 Employer Guide – Business SA
- Temporary Premises Closure: Guidance – Zurich Insurance
- Partial Premises Closure: Guidance – Zurich Insurance
- Temporary Closure: New Build Construction Sites Guidance – Zurich Insurance
- Temporary Closure: Refurbishment at Existing Buildings – Zurich Insurance
- School Shutdown Security Guidance – Zurich Insurance
- Managing contractual obligations and negotiations during the COVID-19 pandemic – Norton Rose Fulbright
- How will liability insurance respond to COVID-19? – Meridian Lawyers
COVID-19
BUSINESS CONTINUITY
Implications In Australia
![Insurance implications 2 An icon depicting a document with a red border, featuring a pie chart, an upward-pointing arrow graph, and a bar chart. There are lines of text indicated by red lines. A pencil is shown next to the document, suggesting writing or editing implications related to COVID-19.](https://www.webberinsurance.com.au/wp-content/uploads/2020/03/COVID-Insurance-Implications-1-3-1.png)
Use these resources to help your business work through a business continuity strategy
- Business Continuity Planning template – Queensland Government
- Business Resilience Pandemic Planning Checklist – Ansvar
- What’s in a business continuity plan? – Business Queensland
- Example Checklist – COVID-19 Contingency Plan – CPA Australia
- Prepare a risk management plan – Business Victoria
- Continuity Coach – Free access for businesses to a continuity plan that addresses key exposures – LMI Group
- Preparing for a pandemic: a guide for employers – Work Safe Victoria
- Continuity planning for your business – Westpac
- Combating COVID-19 with resilience – Deloitte
COVID-19
Corporate Travel
Implications In Australia
![Insurance implications 18 Illustration of a gray airplane with red stripes on its wings and tail, viewed from above, isolated against a transparent background. The aircraft has a simple, streamlined design with two engines located under its wings. Considerations around aviation insurance have grown significantly due to COVID-19 implications.](https://www.webberinsurance.com.au/wp-content/uploads/2020/03/COVID-Insurance-Implications-3-1.png)
Stay up-to-date with the latest travel implications and what they mean for you
- Coronavirus (COVID-19) Latest Updates – SmartTraveller
- World Health Organization declares novel coronavirus (COVID-19) a pandemic: what it means for your Corporate Travel Insurance – TravelCard
- Corporate Travel and COVID-19 – Travel Daily
- SAP Addresses Supply Chain and Business Travel Disruption Around COVID-19 – SAP
COVID-19
Mental Health
Implications In Australia
![Insurance implications 7 A red silhouette of a human head facing left with a white illustration of a brain inside it, highlighting the implications of insurance decisions amidst the backdrop of COVID-19. The background is transparent.](https://www.webberinsurance.com.au/wp-content/uploads/2020/03/COVID-Insurance-Implications-5-1-1.png)
Use these resources for proactive ways to look after your mental health when working from home
- Mental Health and Psychosocial Considerations During COVID-19 Outbreak – World Health Organization
- Looking after your mental health during the coronavirus outbreak – Beyond Blue
- Coronavirus COVID-19: How to look after your mental health when working from home – ABC
- When Home Becomes The Workplace: Mental Health And Remote Work – Forbes
- 7 Ways To Destress Your Space While Self-Isolating – Forbes
- Coronavirus & Its Impact On Our Mental Health – See News
- Working from home because of COVID-19? Here are 10 ways to spend your time – Science
- Coronavirus: psychologists offer advice for maintaining positive mental health – Australian Psychological Society
COVID-19
Working From Home
Implications In Australia
![Insurance implications 17 Illustration of a desk with a few items on it. A computer monitor is centrally placed. To its left, there's a red cup filled with pencils. To the right of the monitor, there is a red desk lamp and a closed book on insurance implications, reflecting the shift in focus due to COVID-19.](https://www.webberinsurance.com.au/wp-content/uploads/2020/03/COVID-Insurance-Implications-6.png)
Use these resources to create a safe, compliant working environment at home
- Working From Home Checklist – Webber Insurance Services
- 5 Tips for an Ergonomic Workspace – Chubb
- Make your business OHS ready – Working from home safety & wellbeing checklist – Business Victoria
- Work station set up for “work from home” – Vital Core Physiotherapy
- How businesses can stay cybersecure during COVID-19 – Insurance Business Australia
- Mass move to work from home in coronavirus crisis creates opening for hackers: cyber experts – Reuters
- Protecting Against Cybersecurity Threats When Working From Home – The National Law Review
- Working from home? Here are the steps all workers and companies should take to avoid cyberattacks, according to experts – Business Insider
- If you’re working from home during the coronavirus outbreak, who’s responsible for your safety? – ABC
- What you need to know about employees working from home – Steadfast
- COVID-19 information for workplaces – Safe Work Australia
- Implications of Coronavirus for your Employment – Hall Payne Lawyers
- Remote working & COVID-19: 5 things companies need to consider before employees work from home – Tech Radar
- Working from Home during COVID-19? What You and Your Organization Need to Consider – Trip Wire
- Optus offers extra mobile data as COVID-19 drives up remote work – IT News
- Working from home and increase cyber risk – will my insurance cover me? – Prof. Allan Manning’s Blog
- Zoom for Windows leaks network credentials, runs code remotely – IT News
- Cyber security vital for working from home, says mid-tier – Accountants Daily
- Hacking against corporations surges as workers take computers home – IT News
- Cyber threats likely to rise due to COVID-19 – The Mandarin
- Cyber security: Data protection and working remotely – HRD
- COVID-19: Recommendations and Considerations | Data Security Checklist – McCullough Robertson Lawyers
- NAB mines Outlook metadata to understand team workloads, prevent burnout | Moves quickly to reduce pandemic-related pressure on its people – IT News
- Staying Cyber Safe – High Street Underwriting Agency
- Security threats endanger tens of millions working from home – Security Brief
- Essential cyber security guidelines to protect your business – The Business of Accommodation
COVID-19
Life Insurance
Implications In Australia
![Insurance implications 8 An icon representing two people, depicted as simple red figures with round heads and curved bodies. The figures are side by side, with the one on the left slightly overlapping the one on the right, subtly highlighting implications of social proximity during COVID-19.](https://www.webberinsurance.com.au/wp-content/uploads/2020/03/COVID-Insurance-Implications-7-1-2.png)
Stay up-to-date with this information regarding life insurance in Australia
COVID-19
Contractual
Implications In Australia
![Covid Insurance Illustration of a gray document with a folded top-right corner. The document has four red lines representing text, with the top and the last lines shorter than the middle two, highlighting implications related to COVID-19 insurance policies.](https://www.webberinsurance.com.au/wp-content/uploads/2020/04/COVID-Insurance-Implications-1-4.png)
Stay up-to-date with the contractual implications of COVID-19 with these resources
- COVID-19: When can electronic signatures be used for corporate contracts? – Clyde & Co
- Options for businesses when temporary COVID-19 restrictions make it illegal to perform a contract – Norton Rose Fulbright
- Managing contractual obligations and negotiations during the COVID-19 pandemic – Norton Rose Fulbright