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International

Small businesses urged to submit COVID-19 BI claims

April 20, 2021 Reprints

The Australian Securities and Investment Commission and the Australian Financial Complaints Authority are urging small businesses to lodge business interruption insurance claims to recoup losses resulting from the COVID-19-related shutdowns, Smart Company reported. Only 3,000 businesses have lodged BI claims since the start of the COVID-19 pandemic in March 2020. Currently, the Australian courts are hearing two BI test cases.

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Small businesses urged to submit COVID-19 BI claims

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