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
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
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
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
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
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
Stay up-to-date with this information regarding life insurance in Australia
COVID-19
Contractual
Implications In Australia
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