As most of us are aware, our nation is facing a significant health crisis with COVID-19, which is also known as the novel Coronavirus. This has had a tremendous impact on our healthcare system, while also causing significant interruptions and issues in many other industries. A number of our clients have called with questions and we will continue to be available to take calls and emails. However, all of our offices are officially closed for in-person meetings as our goal is to assist our clients, while also doing everything we can to keep our staff healthy.
The best and most timely information available will be from the federal and state governments and their associated departments. There are many sources that are providing hypothetical or inaccurate information, so we encourage you to seek out the most reliable sources. If you have not yet been to the CDC website, this is critical and can be found here https://www.cdc.gov/coronavirus/2019-ncov/index.html.
Our office cannot provide guidance in terms of whether you should remain open and/or alter hours of operation. Again, we would direct you to your state government. This situation is fast-moving and state directives are being updated constantly.
If your business closes due to the Coronavirus, it is important to know that communicable diseases typically are not a covered peril that would give rise to insurance benefits for loss of income. It doesn’t matter if the loss of income is just from a downturn of business due to the loss of many customers or the actual closure of your business.
Many have asked us whether they should file a claim and if coverage would be provided. Again, we do not make claims-related decisions as these determinations come from adjusters. Should you elect to file a claim, we can assist you in where/how to do so.
There are several sources that may be of help during these unprecedented times. The SBA seems to be one avenue from which clients are able to receive help. Please find out more here https://www.sba.gov/about-sba/sba-newsroom/press-releases-media-advisories/sba-updates-criteria-states-requesting-disaster-assistance-loans-small-businesses-impacted . We are not affiliated with any lending operations and we encourage clients to exercise typical due diligence before engaging with any third party lenders.