Businesses that close down for any period due to a pandemic, such as COVID-19, must take careful considerations when choosing to resume operations. The first concerns employers must address are local, state, and federal orders for business closures, quarantines, and social distancing. These rules must be adhered to, and you should only reopen your business [...]
For Oregon, here are additional resources for businesses looking at the SBA disaster loan program. To apply for the loan, and for information on the loan, go to the SBA website linked here.
ICAT is actively monitoring the information available with respect to the Coronavirus, and we are committed to providing timely information. With new information regarding the pandemic arriving frequently, we expect the crisis to continue to progress in the coming weeks. As the Coronavirus outbreak continues to develop around the world, it understandably raises questions and concerns for insureds who are facing likely interruption to their business and economic impacts due to the virus.
The COVID-19 coronavirus pandemic sweeping the globe right now will change the way we think about insurance and life forever. We have to let that sink in for a minute as we unravel what our world looks like today and in the future. Unprecedented events like COVID-19 & other life altering events like 9/11, have a cause and effect ripple within our industry that is felt for generations.
This situation is truly unprecedented and everyone, including Insurance Companies are looking at this situation and how to best proceed. I know that this time can seem scary, uncertain and stressful, especially for those of you that rely on the public to operate your business or rely on rental income from an investment property.