New Coverage to Assist Businesses Impacted by COVID-19 — Temporary Insurance for Suspended Businesses

NRUS.INFO
23 Апр 2020, 13:30

Los Angeles, CA, April 23, 2020 – Anderson and Murison is proud to announce a new coverage from one of our partners directed at businesses that have been forced to temporarily close as a direct result of COVID-19.

Highlights

Coverages available: GL and incidental Property
GL coverage will be offered with an Ongoing Operations exclusion CG2153 (products-completed ops, PI/AI, med pay coverage not excluded)
90-day policy term
GL flat charges range from $300 to $500 based on risk type ($1/$2MILlimits); property MP is $100
Premium is 100% earned

Thumbs Up – Eligible

Business is temporarily closed due to local, state, or federal ordinance requirements around COVID-19 pandemic
Business must have had continuous insurance coverage for the past three years (or for the number of years in business if less than three. Exceptions for small lapses may be acceptable.
Targeted business will have average annual receipts under $500,000 per year prior to temporary shutdown

Thumbs Down – Not Eligible

Bars, taverns, nightclubs, apartments, hotels, motels, janitorial, temporary, or semi-permanent site & Facilities. Designed to test, diagnose, or evaluate for communicable disease.
Business that have permanently closed or those that have no intention of reopening after 90 days
Vacant buildings (all business personal property and stock has been removed)
Project specific construction sites
Monoline property

What we need