Please see watch the following video for more details on how the COVID-19 pandemic impacts business insurance.
A few key points:
- The fear or threat of a virus is not covered under business income coverage
- If your liabilities on your general liability or workers compensation insurance have changed (due to shifts in payroll or other measures), you might be able to get your premiums adjusted
- If you have trouble paying your premiums, carriers are unveiling extended payment plans
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