Unfortunately for the affected companies, the vast majority of the consequential loss policies contracted do not cover the serious economic consequences generated by the coronavirus, since the condition of the policy that they are the consequence of material damage is not met.
In the few claims covered, there are Insurers that cover the consequences of contagious diseases, it will be necessary to take into account the conditions of the demand as a result of the pandemic, which will lower the compensation compared to a normal market situation.
On the other hand, it is evident that there will be rebates and premium regulations in 2020 as the vast majority of insured companies will have a decrease in their profits and fixed expenses with which they will have to recover part of the premium paid in their policies from BI/ CL. This is one of the jobs that insurance brokers will have to control massively as a result of the coronavirus.