COVID-19 Deferred payments for Insurance Policy holders in need
Posted: April 9, 2020
April 8th , 2020 Dear Valued Clients, We hope that this message finds you and your family safe and healthy. These are difficult times. The New York Legislature and Department of Financial Services have been implementing emergency measures in an effort to protect insurance policyholders who have been hit with financial hardship because of the COVID-19 pandemic. Regulations they enacted include: the...
TROUBLE PAYING INSURANCE PREMIUMS DUE TO COVID-19? HERE'S A LITTLE HELP.
Posted: March 23, 2020
First, LPL Risk Management is fully staffed and working remotely. There are so many questions from so many people at this time. Quite frankly, as of 3/23/20 we still don't have all the information and answers. As the COVID-19 situation evolves, most insurance companies are trying to help. and we suggest the following: 1- See if your carrier has a Mobil app. 2- Set up...
Is the Corona virus (COVID-19) covered under your business insurance?
Posted: March 17, 2020
Given the potential impact of COVID-19 on your business operations, we have received many calls with respect to business interruption coverage and the following should help clear this topic. Most property policies include business interruption coverage when the business interruption is caused by a Covered Cause of Loss. A Covered Cause of Loss is defined as risks of direct physical loss unless the loss is...
