Canopius have applied an endorsement to their Salon Gold policies with immediate effect. If you’re insured with Canopius, this means that you don’t have to worry about your salon premises not being insured while you are obliged to stay closed during the coronavirus crisis.
Canopius have extended the cover usually given while premises are closed – “unoccupany cover”. They have widened the definition of “vacant” or “disused” to exclude periods when the premises are under “Continuing Mandatory Closure”, as in the present lockdown. This means that full cover will continue to operate and your premises will not be considered vacant during the lockdown. And rest assured that you have had continuous cover all the way through, because Canopius had previously extended the unoccupancy condition from 30 days to 60 days.
When the government announces that business premises in the hair and beauty sector can reopen, Canopius will allow you up to 72 hours following the announcement, during which time you should start to trade again. If you don’t start to trade within this time then they would consider the premises to be vacant and cover restrictions may apply.
Here is the Canopius policy endorsement wording…
Endorsement: General Definition – Vacant or Disused
The General Definition of Vacant or Disused in the Policy is restated as follows:
Vacant or Disused
The Premises or any part thereof that have become unoccupied untenanted or which have not been actively used for a period of more than 30 consecutive days excluding where the unoccupancy is as a result of Continuing Mandatory Closure
Continuing Mandatory Closure is defined as
- Where the Premises have been closed under the order or instruction of any government or public or local authority in response to a real and significant risk to human health which is not confined to the insured premises themselves. This includes, but is not limited to, the spread of a human infectious or human contagious disease; or
- The insured is unable to comply with formal government or national public health body guidance which has been issued with the main purpose of minimising a real and significant risk to human health. This includes, but is not limited to, limiting the spread of a human infectious or human contagious disease
The period of Continuing Mandatory Closure will end on the earlier of the following
- The date the insured receives written notice from underwriters indicating that they deem the period of Continuing Mandatory Closure to have ended and, therefore, the insured premises are considered to be accessible by the insured; or
- A period of 72 hours after the first day following the date on which the government or public or local authority announces that all business premises, or a class of business premises, which includes the insured premises, are no longer subject to mandatory closure
All other terms conditions and exclusions remain unaltered