Many businesses will have insurance to pay losses when their business is interrupted by an unforeseen event. This extends in some cases to illness and we set out below some areas for businesses to consider as they grapple with the current unprecedented challenge of coronavirus.
If you are unsure how to handle your employment law matters in light of coronavirus, our employment law team have produced an essential "Briefing guide to coronavirus for employers and absence options" which will give you the insight you need to see you through a variety of issues, and our employment law team are always on hand to discuss further if you need.
The impact of Covid-19 (Coronavirus) on business has been unprecedented. At Wright Hassall we have put together a dedicated team to look at all the issues businesses are facing. These are wide ranging and complex, particularly as the situation changes from day-to-day.
A statement recently published by the ICO confirms its understanding that the processing of personal data may be affected by the needs of an organisation when addressing the impact, and attempting to limit the spread, of the coronavirus (Covid-19) pandemic.
As the negative impact on the global economy from the coronavirus pandemic is revealed as far more damaging than initially anticipated by commentators at the beginning of the outbreak in China, businesses face important questions about how they can recover debts in these exceptional times.
The Chancellor has announced a raft of measures to support business large and small through the coronavirus outbreak. Undoubtedly the government will monitor the impact of its support package closely and we anticipate that more changes will filter through as it starts to take effect.
Whilst most businesses are understandably husbanding every penny and looking to cut costs to survive the coronavirus crisis, you must be strategic about your survival tactics. If not, you may find that your actions mean that you have no business left after the crisis has abated.
As the Coronavirus crisis forces businesses to adapt, reports are filtering through of a number making a series of easily avoidable mistakes either in pursuit of their bottom line; an effort to capitalise on a sales opportunity; or by simple carelessness.