A COLLECTION OF ARTICLES, RESOURCES ON INSURING AGAINST THE BUSINESS RISK
Insurance Considerations & Strategies
- Policyholders’ Coverage Checklist in Times of Coronavirus, Saxe Doernberger & Vita –&²Ô²ú²õ±è; and
- Coronavirus Insurance Coverage and Claims Guidance, Lockton Companies –&²Ô²ú²õ±è; and
- Coronavirus Disease (COVID-19) Frequently Asked Questions, USI –&²Ô²ú²õ±è; and
- Gallagher Report: Responding to the Coronavirus, Gallagher –&²Ô²ú²õ±è;
- Alliant Report: Coronavirus Contractor Strategy Checklist, Alliant Insurance Services, Inc. –&²Ô²ú²õ±è; and
- What Should Construction Risk Managers Be Considering in Light of the COVID-19 Pandemic? Willis Towers Watson –&²Ô²ú²õ±è;click here (posted with permission from Bill Creedon, Global Head of Construction)
Quantifying Delay and Cost Impacts
Regardless of insurance coverage applicability, contractors should measure all financial impacts of COVID-19. The attachments below offer key tips to quantifying impacts from the event.
- Checklist: Documenting Project Shutdowns/Delays, Procor Solutions + Consulting –&²Ô²ú²õ±è;
- Worksheet: Project Delay Cost Estimate, Procor Solutions + Consulting –&²Ô²ú²õ±è;
Insurance Coverage
Insurance policies that may respond to the COVID-19 outbreak may include the following (check with your insurance broker to confirm coverages):
1. Property/Business Interruption
- Business Interruption Challenges [Checklist], Saxe Doernberger & Vita –&²Ô²ú²õ±è; and
-
Am I Covered? Business Interruption and Extra Expense Coverage for Clients Facing Losses Associated with Coronavirus (COVID-19), Oles Morrison Rinker & Baker LLP –&²Ô²ú²õ±è;
- COVID-19: Coronavirus Losses: Will Your Commercial Insurance Policies Respond? K&L Gates, and
- Builder's Risk Considerations During the COVID-19 Pandemic, Willis Towers Watson – click here (posted with permission from Bill Creedon, Global of Construction)
- Delay in Completion Coverage and the Coronavirus, Butler Weihmuller Katz Craig LLP –&²Ô²ú²õ±è;
2. Workers’ Compensation Policy
- COVID-19: Workers Compensation Response, Liberty Mutual Insurance –&²Ô²ú²õ±è;
- Impact of Coronavirus (COVID-19) in U.S. Casualty Claims, AON –&²Ô²ú²õ±è;
- COVID-19 and Workers Compensation: What You Need to Know – Frequently Asked Questions UPDATE, The National Council on Compensation Insurance (NCCI) – and
- ​To find out whether your state is one of the many that NCCI serves, simply .
- The FAQs include links to the legislative activity that NCCI is tracking at both the state level (Answer to Question 2) and in Washington (Answer to Question 12).
- ​NCCI Changes to Workers’ Compensation in Light of COVID-19, Alliant Insurance Services, Inc. –&²Ô²ú²õ±è;
- WCIRB Changes to Workers’ Compensation in Light of COVID-19, Alliant Insurance Services, Inc. –&²Ô²ú²õ±è;
- Is COVID-19 Recordable or Reportable to OSHA? International Risk Management Institute, Inc. (IRMI) – and
3. Environmental Insurance
-
Coronavirus (COVID-19) - Environmental Insurance Coverage Considerations, Willis Towers Watson –&²Ô²ú²õ±è;click here (posted with permission from Robin Keliher, SVP and National Environmental Claims Director)
4. Management Liability
-
Client Alert: The Coronavirus – D&O, EPL, and Wage & Hour Insurance, AON –&²Ô²ú²õ±è; and
5. Cyber Insurance
-
Pandemic Disease Cyber Insurance Potential Coverage Overview, Alliant Insurance Services, Inc. –&²Ô²ú²õ±è;
6. Subcontractor Default
-
COVID-19 Impacts on Subcontractor Default Insurance and Ripple Effects, Smith Currie & Handcock –&²Ô²ú²õ±è;
-
COVID-19 AND SUBCONTRACTOR DEFAULT INSURANCE: What to do NOW, in 3 Days & in 3 Months, Alliant Guide for Claims Avoidance and Mid-Crisis Management –&²Ô²ú²õ±è;
-
Coronavirus-Related Subcontractor Default Risks? What you should know and how you can mitigation the risk, Lockton Companies –&²Ô²ú²õ±è;
Please contact Leah Pilconis if you have an article or resource on insurance-related issues/factors that construction companies need to consider as they strive for business continuity.
WEBINAR
3/30/2020: Insurance Coverage and Claims for Losses Resulting from the Outbreak
To access the slides and recording, click here. You will have to enter your Â鶹´«Ã½ credentials to access the information. Please note that this webinar was part of Â鶹´«Ã½'s 8-part webinar series on the “Factors that Construction Companies Need to Consider, as They Strive for Business Continuity.â€