Suncorp, QBE and Allianz have announced measures to help small businesses dealing with the coronavirus impact following clearance from the Australian Competition and Consumer Commission (ACCC).

The assistance is in line with action already announced by IAG and includes allowing small business customers to defer their premium payments for up to six months while insurance remains in place.

The three insurers, which together cover half the small business market, will also offer continuity of cover for SME policyholders where premises are vacant due to COVID-19.

Positive concern for their customers