We’re proud to celebrate the launch of the Covid Calculator, a groundbreaking tool developed in partnership with the FCA and Herbert Smith Freehills. Designed to support SMEs impacted by the pandemic, the calculator helps businesses determine if they can claim losses under their insurance policies for closures that occurred before national lockdowns were implemented.

By entering their closure date, insurance coverage radius, and business address, users can compare their data against two datasets: official government records and an adjusted dataset from Imperial College London. The latter accounts for low testing rates and the R figure at the pandemic’s start, ensuring accurate results.

With the potential to assist around 300,000 SMEs, the Covid Calculator is a project we’re incredibly proud of for its ability to make a real difference.