We are offering a 60-day premium pause to existing policyholders affected by COVID-19
We understand our commercial clients are under pressure to keep their businesses running at the same time as sharing the responsibility to reduce the spread of COVID-19 within communities.
For many clients, the impact on cash flow is an immediate concern. To support our clients impacted by the coronavirus, effective March 23rd, Beazley has implemented a 60 day freeze on cancellation and nonrenewal notices for non-payment of premium and we will not be issuing late fees to clients during that time.
We ask that our clients continue to direct their requests through their broker, including requests to delay direct debit payments and premiums that are financed through a premium finance company.
Our priority is to continue to provide a strong and reliable service to all our clients, consistent with our core values. We pledge to work with our clients during this crisis to achieve outcomes that are fair, balanced and consistent with the regulatory environment we work in around the world.
Beazley continues to monitor the impact of the coronavirus and, as the situation develops, we will provide further updates to ensure that you and our commercial clients are kept informed of our response. Please contact us with any questions.