
Companies have been told that they must make sure their business insurance policies are suitably adjusted ahead of the Olympic Games this summer.
For many businesses in the capital, the organisers say that the London Games may bring about a change in their usual working hours, an amendment to the products and services they offer, see their staff working at alternative premises and result in stock building up due to delivery difficulties.
In response, in the 'London 2012 Games: Planning information for businesses' guide document, the event's organisers are warning businesses that if their working practices are indeed going to change during the three-week duration of the Olympics they must inform their insurer to ensure that they are covered.
This is because insurers may, for example, need to increase or amend sums insured, or add temporary locations to the policy.
"Keeping your insurers advised will help prevent issues with claims," the organisers advise.
Businesses are also advised to ensure that their business interruption insurance is suitable, that their alarm systems will not be affected by changes to police response times and to make their business continuity plans known to their insurers to help speed up the process in the event of an incident that causes an interruption.
With a large number of extra passengers anticipated on public transport in London during the Olympics, businesses are also being encouraged to facilitate as remote working for as many employees as possible.
However, this in itself brings with it a number of considerations such as employee health and safety, equipment being removed from the business premises where it is insured and data protection issues.
As well as insurance concerns, businesses will have to be prepared for travel disruption, advertising restrictions, potential telecommunications breakdowns and delivery problems, safety and security issues, and a lack of accommodation in hotels for business visitors. 