Businesses can’t be immune to disasters and disease.
Your operations could be seriously impacted by a wide-spread pandemic, or other catastrophe: employees unable or afraid to travel to work, forced closures, public services suspended … Consequences could be extensive.
However, your FCA partners can share information about Insurance coverage that provides for some of the losses and extra expenses which a business could suffer in a pandemic situation.. Ask your advisor for details.
FCA has also participated in establishing industry precedents, to have expiring coverage automatically extended in the event of wide-scale emergencies. We actively promote the adoption of these provisions by all Insurers in Canada.
Still, buying insurance isn’t ever the only answer. Consult with your FCA advisor, to coordinate with your Insurers and third party resources, to prepare your custom disaster plan to mitigate possible catastrophes.