Mr Fraser has been told by his insurer Morton Michel that it would not cover loss of revenue or staff wages if the setting is ordered to close by the Government due to a confirmed case of Covid-19 within the setting.
This is because policies only provide cover in respect of certain ‘notifiable human infectious or contagious disease’ – outlined in policy documents.
Pounds Gates also confirmed its insurance policies do not cover for any increased costs or lost revenue due to interruption to businesses caused by Coronavirus.
Childcare settings would also lose any income from fees as well, as it is understood that parents would not be liable to pay if the Government ordered them to close.
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