Covid-19 and Your Business’ Insurance

The way we go about our daily lives is changing almost every day due to Coronavirus. The pandemic has created large-scale disruptions in both our personal and business lives which is why it’s important to stay up to date on your business insurance and all that it covers. Businesses like yours probably have loads of unanswered questions and hesitations with regards to your insurance. 

We know that the health and safety of your employees and customers is top of mind. Below are the recommended strategies for employers to use now. In-depth guidance is available on the CDC’s Guidance for Businesses and Employers web page:

  • Actively emphasize staying home when sick, respiratory etiquette and hand hygiene by all employees
  • Perform routine environmental cleaning
  • Advise employees before traveling to take certain steps
    • Check the CDC’s Traveler’s Health Notices for the latest guidance and recommendations for each country to which you will travel. Specific travel information for travelers going to and returning from designated countries with risk of community spread of Coronavirus, and information for aircrew, can be found on the CDC website.
  • Additional measures for preventing the spread of COVID-19:
    • Employees who are well but who have a sick family member at home with COVID-19 should notify their supervisor and refer to CDC guidance for how to conduct a risk assessment of their potential exposure.
    • If an employee is confirmed to have COVID-19, employers should inform fellow employees of their possible exposure to COVID-19 in the workplace but maintain confidentiality as required by the Americans with Disabilities Act (ADA). Employees exposed to a co-worker with confirmed COVID-19 should refer to CDC guidance for how to conduct a risk assessment of their potential exposure.
  • To prevent stigma and discrimination in the workplace, we suggest using the guidelines described on the CDC’s Guidance for Businesses and Employers web page. 
  • Report claims immediately to your carrier.. 

With regards to coronavirus coverage and claims, the situation we are dealing with is very fluid and subject to change. Because of this, it’s important that you continue to communicate with your insurance company and stay up to date on the way they are covering you. 

As you push forward to find your new normal, the Centers for Disease Control and Prevention (CDC) offers guidance for employers and businesses on COVID-19. This interim guidance is based on what is currently known about the coronavirus disease 2019 (COVID-19). For updates from CDC, here are some additional resources:

Here at IBG we know how overwhelming small business health insurance can become when you own a small business, especially through these strange and unprecedented times. We want you to know we will take the time to listen and understand you and your business along with all the concerns. We think long-term and, remember, it’s all about you and your employees as a private company. Get a quote today and start working with our dedicated service team throughout the entire process. We are with you every step of the way and will make sure you have the right plan in place as you navigate your business through this world-wide crisis.

We hope you are all staying safe, healthy and productive. 

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