We know that many of our customers are doing their part to help stop the spread of COVID-19 by staying at home.

We are doing our part to provide the following resources:

• Most direct bill carriers are offering flexibility on bill payment options for those experiencing financial hardship, without any penalties and fees, including placing a 60-day hold on cancellations and non-renewals for non-payment.
• WC policy premium reductions using NCCI Class Codes 8871 (Telecommuter) & 0012(Furlough).
• Virtual Risk Engineering available to customers virtually.
• Cyber security awareness training & defense.
• SBA Loan for Small Businesses: Economic Injury Disaster Loans Small business owners can apply for an EIDL and advance here: https://covid19relief.sba.gov/#/.

Business Considerations:

• Cyber Insurance is always important but especially so with the rise of telecommuters. Warn your employees that actors may send emails with malicious attachments or links to fraudulent websites to trick victims into revealing sensitive information or donating to fraudulent charities or causes.
• Event Cancellation Insurance including communicable disease endorsement.
• No Business Continuity plan in place? Start working on one by identifying key players & developing a strategy to minimize downtime.

Please call us immediately for more information about these valuable resources. We are closely working with the National Association of Insurance Commissioners (NAIC) website for future developments & will keep you up to date as new resources are available. We appreciate your partnership and hope you stay healthy and safe.

Be well,
William P. Simons, IV, President
wsimons@rustinsurance.com
Direct 202.776.5013