A message to our valued clients:

COVID-19 continues to affect us all.  Here are Brock-Norton we are committed to keeping our clients abreast of any updates or resources that we can provide during this challenging time. As you are aware, the outbreak of COVID-19 has placed considerable stress not only on individuals and families but the business community as well. We know many are concerned about cash-flow and future revenue. If your business has been adversely impacted by the coronavirus pandemic, here are a few things we can do to help:

1. Reach out to carrier partners to discuss flexible premium payment options.   Several carriers have been waiving late fees and offering extensions on due dates.  We can contact your carrier to see what payment arrangements can be made for you.

 

1. Update policy payroll and sales exposures to reflect the quarantine’s effect on your business.  Many policy premiums are based on payroll and gross sales estimates.  If you had to lay off or furlough employees due to the closures or had a reduction in work available for current staff, your gross payrolls will decrease.  We can review your policies to determine if any adjustments are needed that can reduce your premium.  Insurance carriers have started discounting furlough payroll from Work Comp audits.  See our post, Pandemic Payroll Tips for Work Comp Audits, for more info. 

 

1. Provide recommendations for vendors offering short term lending or loans to assist you in maintaining operations. We have information from companies like Heartland, Complete Business Capital, and the SBA that can provide financial assistance via loans for business owners. Please note that we have no control over any terms or acceptance for any financial products.  We are simply here to provide the information if you choose to pursue that avenue.

 

1. Speak to you about your coverages and how they may respond to claims related to the Coronavirus pandemic. We always strive to help you understand your coverages and how they protect your most valuable investments. We are happy to discuss coverage scenarios and review individual policy language. As always, we cannot guarantee coverage of any claim as the ultimate decision resides with the carriers and/or courts within your jurisdiction.  Please see our article on The Effects of Coronavirus on Your Business for additional information.  

 
We understand that these are unprecedented times and require unprecedented solutions. We hope that you will look for opportunities to stay positive and spread love and joy wherever and whenever possible. If you can stay quarantined, please do so out of consideration for healthcare workers and those with compromised immune systems. We will continue to provide resources as they become available.

Please do not hesitate to reach out to us if we can be of further assistance. We appreciate your time and look forward to continuing to be of service.

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