The world is facing unprecedented impacts from the 2019 Coronavirus (COVID-19). The impact to people, businesses and supply chains is unfolding, with challenges in almost every location on the globe.
With the number of confirmed infections continuing to rise globally since the first reported cases in late December, the Novel Coronavirus (COVID-19) is likely to represent a significant exposure for the broader market.
The COVID-19 has the potential to be more significant pandemic than SARS, given that the number of infections and morbidity rate already exceed SARS, and the virus is expected to peak in March or even April 2020.
The cost of business interruption remains to be seen, and there will be significant business interruption claims.
Clyde & Co are supporting clients around the world from 50 offices, assisting as developments unfold. If your business or people are impacted, please contact our experts.