Tenant Fee Ban For the most part, the Act has brought about new restrictions on the imposition of fees payable by tenants entering into, renewing or exiting a tenancy at the end of an agreed contract. No longer will landlords and letting agents be able to bolt these kinds of additional fees onto their letting […]

In the event that your individual immigration application is rejected, you may have the legal right to lodge a formal appeal. Here at Aristone Solicitors, we can provide the expert support and consultancy you need to understand your position and choose the most appropriate course of action. Should you choose to appeal against your application’s […]

Coronavirus and Small Businesses According to a survey, 67% of small businesses have had to close temporarily due to the COVID-19 pandemic. It is estimated that, on average, a small business owner will face a loss of £11,799. Although the impact seems to be severe, small businesses have shown great resilience and due to this, all hope is not lost. For example, some businesses continue to function with the staff working from home. However, serious questions arise about businesses that need an on-site staff and customers walking in through the door. These include pubs, restaurants, and hairdressers. Do such businesses have no other option but to suffer damage? Will business insurance cover the costs incurred due to closures? Can you claim for the business interruption caused by coronavirus?    Insurers say that coronavirus is not covered in their policies. So, they have rejected business interruption insurance claims of some 370,000 businesses in the UK. Did you own a business that had to close suddenly? If yes, your insurance policy may cover the losses, provided the policy includes business interruption insurance. But even so, getting a cover may not be all that simple since a few conditions apply. According to the government, if a business insurance includes pandemics and government-ordered closures, the losses must be covered by the insurance company. The fact that the government had advised people to avoid pubs and theatres is sufficient to make a claim. This was confirmed by the government and insurance industry on 17th March. Please ensure to read the terms and conditions of your insurance policy before claiming for a cover. Also, note that a standard business interruption insurance policy may not include pandemics. Most times, it only covers damage to property.   Business Interruption Insurance Business Interruption Insurance or BI Insurance is a type of cover that protects your business if it is unable to operate normally due to a disaster or another event. Generally, businesses like salons, pubs, restaurants etc have BI Insurance included in their policies. As a business owner, you must read your policy carefully to check if you have BI Insurance and to what level it is included in your cover. How to find out if your Business Insurance covers you for  Coronavirus       To determine if your BI insurance covers you for coronavirus, you must take 3 simple steps:   1.Find out if you have Business Interruption Cover 2.Read the policy carefully to check if your cover includes coronavirus COVID -19 3.If it does not include coronavirus, read the policy to check how broad the cover is and what it includes.   Read more (Different page link)   Other financial aids from the government   1.The government has offered a one-off top up grant for retail, hospitality and leisure businesses. It is based upon the rateable value of the business. Here’s a breakdown: £4,000 for businesses with a rateable value of £15,000 or under £6,000 for businesses with a rateable value between £15,000 and £51,000 £9,000 for businesses with a rateable value of over £51,000 The one-off grant offered by the government is in addition to the Local Restriction Support Grants. 2.The Coronavirus Job Retention Scheme (furlough) has been extended until the end of […]