Firms without 'earthquake cover' could face claims difficulties
British companies could have suffered disruption from the earthquake which has killed at least 150 people in Italy.
Hundreds of businesses and homes were brought down in the 6.3 magnitude quake which struck on Monday morning outside L’Aquila near Rome. Between 30,000 and 40,000 people were made homeless.
John Bell, head of claims at Aon risk services commercial division, said: “British companies may be unwittingly affected. If they have suppliers, customers or subsidiaries that have suffered damage, this can lead to financial losses back in the UK.
“In terms of making insurance claims, there may also be cover issues as insurers have been reluctant to include earthquake cover in such a geologically unstable area,” he said.
“Given the complex nature of commercial relationships and policy exclusions, anyone who may have been affected should seek professional advice from their risk advisers.”