News and Resources Relating to Coronavirus (COVID-19)


COVID-19 & Insurance - What is covered?

The team at Knightcorp have compiled information on the most frequently asked enquiries we are receiving in regards to your insurance and if any coverage will respond to losses as a result of COVID-19.

COVID-19 and Workers Compensation

COVID-19 and Business Interruption and Loss of Profits Insurance

COVID-19 and Travel Insurance

COVID-19 and Premium Funding

COVID-19 and Rent Default & Landlords

As this is a developing situation we will continue to update available resources as new information becomes available. These documents are current as of the 18 March 2020. Please continue to contact your Knightcorp Representative with any enquiries that you may have.

Government Support

We understand that this is a difficult time for many businesses across Australia. The Government have provided some support and we recommend that you contact your Tax Accountant to consider your options. If you do not have a Tax Accountant, please contact your Knightcorp Representative and we can provide you with the details of an Accountant in our referral partner network. 

Nearly 700,000 small and medium sized businesses across Australia will be eligible to receive up to $25,000 to help pay wages or hire extra staff, based on your Business Activity Statement (BAS) lodged. However, if you are a sole trader and don't employ anyone, you won't receive any cash payments, but will have access to business investment incentives. 

For example, the instant asset write-off threshold will be increasing to $150,000 from $30,000 and it is opening up to businesses with turnovers up to $500 million until 30 June 2020. It is hoped this will encourage businesses to spend on equipment and other investments as they can claim a tax break for what they spend.

For more assistance on financial assistance, eligibility and timing for the new government support, please visit the Australian Governments website here

Claims

As you can appreciate several of our Insurance Partners are still dealing with the surge in claims in relation to the catastrophic bushfires and storms across the country. As a result, we are currently experiencing some Insurer delays.

We're continuing to work with our Insurance Partners to ensure that your claims enquiries are answered and progressed as efficiently and promptly as possible. 

Travel Insurance Claims

Should you need to make a claim on your travel policy, whether Leisure Travel or Corporate Travel,  the claim will be treated on a case by case basis due to the differing variables. 

Please complete the below form and our claims team will be in contact with you to progress your claim at their earliest convenience. 

An estimate is fine if you dont yet have exact figures