​Coverage Topics:

In light of continuing questions regarding coverage issues relating to COVID-19, the association is offering the below resources to facilitate discussion on these topics.

Loss of Business Income: Does ISO's Business Income policy respond if a business shuts down because of the coronavirus? What happens if the authorities require the business to close? There is a short answer to these questions, but it's not necessarily a simple answer. The Big “I" is addressing this major insurance concern in a free 25-minute webinar, “Coronavirus (COVID-19): Does Business Income Respond?" The webinar is being offered both on-demand and online each day at 1:30 p.m. EDT now through Tuesday, March 31st. Click here to watch the webinar immediately, or click here to register for a date that fits best with your schedule.

Alos, be sure to review Chris' overview of coverage: Business Income Losses

Food Delivery/Auto Exposure: Does the Personal Auto Policy (PAP) cover food delivery? How and by whom is the restaurant covered especially if there isn't a Business Auto Policy (BAP)? The Big "I" answers these questions and more. The webinar is being offered both on-demand and online each day at 11:30 a.m. EDT now through Tuesday, March 31st. Click here to watch the webinar immediately, or click here to register for a date that fits best with your schedule.

Workers' Compensation: Is the coronavirus an occupational disease?  Does the workers' compensation policy provide coverage for this illness?  Policy expert and Director of the IIABA Virtual University, Chris Boggs discusses these questions and more in his summation on the VU website.

General Liability: How does the commercial general liability policy respond to claims regarding the coronavirus?  Is there legal liability, as the policy would require for coverage to kick in?  Chris Boggs sheds light on this common policy in his narrative on the Virtual University wesbsite.

Errors and Omissions Considerations:

Independent insurance agents must daily strike a balance between being helpful to their clients and venturing into areas in which they are not well-versed.  Answering questions in the wrong manner can even result in an E&O claim.  Endorsed carriers Swiss Re and Utica have provided guidance to help their policyholders navigate issues relating to Coronavirus.

E&O Risk Management and the Coronavirus (Covid 19)

Sample letter for Commercial Clients regarding Coronavirus or Covid-19

How Agents Should Respond to Coverage Questions