 Due to the impact of COVID-19, the US Postal Service is experiencing unprecedented volume increases and limited employee availability. As a result, important insurance documents, including bills and payments by check could be delayed. Mail delays have resulted in the cancellation or non-renewal of insurance policies for non-payment. This can happen because bills are not being delivered in a timely manner and vice versa for the payments. Most of the time insurance agency are willing to work with clients to address the late payment resulting from the mail delays. Below are a few steps you are able to take to protect yourself.
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 The Federal Government is taking Covid-19 protections seriously and holding companies accountable for the safety of their employees. They have issued citations from around 255 inspections that they carried out. The penalties from those inspections were totaling $3,403,139. We at Brock-Norton wanted to pass this info along to keep you informed.
Click Here to Read Article  Congress has recently passed the COVID Relief Bill which extends portions of the CARES Act that was passed in March. As part of the relief for small businesses, a second draw option for PPP loans may be available to you. Many are still combing through the full text of legislation to provide clarity on the bill. We at Brock-Norton understand these changes may impact your business and are working to provide resources as they are made available. For a concise breakdown of the COVID relief bill, please click on the link below to read the FAQs from the United States Chamber of Commerce.
Click Here to Read Article  How US courts are addressing COVID-19 claims
Over the past few months, insurance carriers have asserted that the virus exclusion and the definition of “direct physical loss” were the determining factors for throwing out thousands of business interruption cases due to Government sanctioned COVID-19 closures. But as Wakefern Food Corp v. Liberty Mutual Fire Insurance Co. demonstrated, loss of physical functionality and use does constitute a covered loss. So, what does this new precedent mean for the other 1200+ cases making their way through the US court system? Both the plaintiffs and the defendants in these cases are relying on precedence to sway the court to rule in their favor. But, as insurance contracts are contracts of adhesion, any ambiguity in the language is in favor of the party that did not write the terms, i.e. the business owners. The implication is then, hundreds of thousands of denied claims may be reversed. As this was never the intention of the business interruption endorsement on the policy, what are the consequences for the insurance industry in total? Click below to look at the article below from PropertyCasualty360 that breaks down the case findings in the context of the policy language. Want to learn more? Check out our blog page at www.brocknorton.com  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:
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. |
About UsBrock-Norton Insurance Agency was born in 1992 when Jim Norton, Sr. and Everett Brock combined their agencies and talents. We have steadily grown to become one of the premier Property & Casualty agencies in the Washington DC area with clients in almost every state. As an independent insurance agency, our goal is to assist you in all your insurance needs. Categories
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