Hi,
As concerns around the spread of COVID-19 continue growing, we are monitoring the latest developments in order to keep our clients, business partners and employees safe. We wanted to share with you a couple of resources that may be helpful to minimize the impact of this outbreak on your business.
The Precautions Businesses Should Take Amid COVID-19
 | Our latest blog post outlines preventative measures you can take to protect your employees and your operations. Read the post. |
Organizational Resilience Checklist
The Organizational Resilience Checklist by our partners at Ecclesiastical highlights the issues you need to consider to prepare for an outbreak. Download the checklist.
Coverage Questions
We have been receiving some questions with regards to how certain types of insurance may respond to the COVID-19 outbreak:
- Business Interruption coverage is designed to cover the loss of income that a business suffers after a disaster. It is important to note that this coverage is dependent on an insurable loss being triggered such as fire, water damage, etc. and does not typically cover financial impact of pandemics. The Civil Authority extension, which covers access to a business being denied by civil authorities following a disaster, is also only triggered by a covered peril and would not apply to the COVID-19 outbreak.
- Currently, insurers have reached out to brokers to confirm that policies are not being offered for pandemic-like scenarios, relating to the existing COVID-19 outbreak.
Please do not hesitate to contact us if you have any additional questions.
Sincerely,
 | Matt Arruda, BBA Commercial Risk Advisor T 250 869 3994 TF 1 800 670 1877 C 250 212 9288 E ac.wmcirpac@adurram 100 – 1500 Hardy Street, Kelowna, BC V1Y 8H2 CapriCMW.ca |