Moving Past the COVID Chaos: Tips for Your Insurance, Finances, and Business - June 10, 2020

June 10, 2020
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News. Insights. Analysis. Inspiration.

 

Today's Key Question:

Alfredo Ortiz, President and CEO of the Job Creators Network, argues that small business need liability protection from greedy trial lawyers looking to exploit the pandemic. Do you agree? See the editorial below in Real Clear Politics.

 

"As people resume work, these seven kinds of jobs are making the biggest return"

From CNN:

* From retail to restaurants across America, people are returning to their old jobs or finding new ones. Here are the occupations that reported the most gains:

  

"Is looting covered by insurance? Depends on the business"

From LA Times:

* The losses suffered by business due to the pandemic are excluded from typical business policies, though some carriers started offering them following the SARS pandemic in 2003, Ruiz said.

Businesses affected by looting should contact their insurance companies about the grace periods and premium rebates. Because of the commissioner’s actions, they should have more time to pay premiums and can qualify for lower rates; they can contact the Department of Insurance for assistance in submitting claims or with questions about their coverage 

 

"Give Small Businesses Liability Protection"

From Real Clear Politics:

* Trial lawyers argue that most Americans oppose giving businesses “guaranteed immunity.” But nobody is asking Congress to provide such blanket protection. Rather, businesses want Congress to limit liability to instances in which COVID-19 exposure results from provable neglect. No one, least of all America’s small- and mid-sized businesses, expects to be shielded from responsibility in cases where COVID-19 exposure resulted from reckless indifference to health concerns. At the same time, businesses must be protected from opportunistic and marauding lawyers. 

This is common sense. Businesses should not be persecuted for their inability to protect their customers or workers from contracting a disease as infectious as the novel coronavirus.

  

"New Study: Digital Tools Helped Keep Small Businesses Afloat"

From Information Station:

*The study reported that 74 percent of small businesses expect to be operating at their pre-pandemic normal within six months of restrictions being lifted. Adapting business models to the new norm will help make that happen.

 

"Pandemic Has Exposed Futility of Many Rules and Regulations"

From Townhall:

* Regulations and rules are put in place because they are supposed to protect consumers and patients. It's telling that, at a time when people need the most protection, these rules are thrown out. If we can rid ourselves of these restrictions when people are the most vulnerable, it is evident that they were never required in the first place.

 

Here's a short video from Steve on how you can purchase insurance in these changing times....Watch Here