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Second-Order Effects of COVID-19

… light on this point… While all the focus continues to remain on the stock market and unemployment, there appears to be a tectonic shift taking place in urban commercial and residential real estate. Many skyscrapers are remaining vacant for the foreseeable future, retailers and restaurateurs are renegotiating leases or abandoning locations that previously offered them immense foot traffic, and young professionals and families are seeking the safety of suburbia. We are likely still several months from seeing the real impact of this near-term deurbanization, but it’s hard not to see how that won’t vastly impact the economic …

https://www.epicbrokers.com/insights/second-order-effects-of-covid-19/

EPIC Client Showcase: Burger Lounge

… seafood, grass-fed beef, dairy, lemonades, sauces, bread, fresh fruit and vegetables and more. The Lounge Box – now you can buy burgers, buns and all the fixings to cook for yourself at home. While it is true that 7 stores are not currently operating, Miguel’s philosophy is that these locations are merely in hibernation, temporarily. They see a correlation between sales in restaurants based on the trade area they occupy. Restaurants in high residential areas do better than those in a commercial office area. However, because so many other restaurants in commercial office areas have closed, they have begun …

https://www.epicbrokers.com/insights/epic-client-showcase-burger-lounge/

Hospitality Return to Work Guidance

… countertops, elevator buttons, shared carts, shared tools, and shared computer equipment. The CDC highlights a number of protocols to maintain a healthy work environment: Increasing ventilation rates and the percentage of outside air that circulates in the building Provide tissues and no-touch disposal receptacles Provide hand sanitizer at multiple locations in the building (at least 60% alcohol) Discourage handshaking Work to maintain six feet of physical separation at all times Provide physical partitions between employees and guests where interaction within six feet is required. Place posters encouraging proper hygiene near the entrance where they are likely to be seen …

https://www.epicbrokers.com/insights/hospitality-return-to-work-guidance/

Unrealized Potential: Missed Sales Opportunities & Profit Protection

Maximizing Operating Budgets: Post-Pandemic & Beyond The current global pandemic crisis and its associated economic impact is prompting many companies to reduce costs and explore new ways of doing business. A Gartner, Inc. survey of 317 chief financial officers (CFOs) and other finance leaders revealed that due to COVID-19, 62% of respondents are planning some cuts to selling, general and administrative (SG&A) budgets in their organizations this year. As retailers have temporarily closed locations, reduced growth plans, furloughed employees and considered skipping on rent, operating budgets have also been thrown onto the chopping block. As all aspects of …

https://www.epicbrokers.com/insights/unrealized-potential-missed-sales-opportunities-profit-protection/

Covering Coronavirus: Risk Considerations Volume 1, Issue 11

… rising, markets are shrinking, and insurers are becoming more selective, there was some good news for the trucking industry when the Federal Motor Carrier Safety Administration (FMCSA) announced it will distribute one million protective masks to CMV drivers. The masks were provided by FEMA and can be obtained at distribution locations, which are posted on FMCSA’s website. The AAMVA (American Association of Motor Vehicle Administrators) has released consolidated information on how motor vehicle administrations are handling driver licensing and vehicle registration amidst stay-at-home orders. A helpful PDF on its website lists protocols for DMVs in every state …

https://www.epicbrokers.com/insights/covering-coronavirus-risk-considerations-volume-1-issue-11/

Bay Area Counties Lift Some Construction Restrictions

… worker.) Place wash stations or hand sanitizers that are effective against COVID-19 at entrances to the job site and in multiple locations dispersed throughout the job site as warranted. Maintain a daily attendance log of all workers and visitors that includes contact information, including name address, phone number and email. Post a notice in an area visible to all workers and visitors instructing workers and visitors regarding the jobsite COVID-19 safety rules and translate the notice to ensure that all non-English speaking workers are able to understand the notice. Implement cleaning and sanitizing practices. Implement a …

https://www.epicbrokers.com/insights/bay-area-counties-lift-some-construction-restrictions/

DOL Updates Required FFCRA Poster and FAQs

… I have the most up-to-date notice? Will there be updates to this notice in the future? Updated March 27, 2020. The notice was issued on March 25, 2020, updated on March 27, 2020. Either version fulfills the posting requirement. Check the Wage and Hour Division’s website or sign up for Key News Alerts to ensure that you remain current with all notice requirements. Our employees must report to our main office headquarters each morning and then go off to work at our different worksite locations. Do we have to post this notice at all of our different

https://www.epicbrokers.com/insights/dol-updates-required-ffcra-poster-and-faqs/

Covering Coronavirus: Risk Considerations Volume 1, Issue 10

… business, the Small Business Administration (SBA) has posted guidelines for businesses and employers on its website. The site offers guidance regarding issues specific to small businesses, such as access to capital; workforce capacity; inventory and supply chain shortfalls; facility remediation and clean-up; insurance coverage; changing market demand; marketing; and creating a plan. The existence of inconsistent and conflicting local, state and national governmental orders will also likely serve as a basis for civil litigation and create serious risk management challenges for employers operating in multiple locations. Employees who feel they are forced to return to work too early …

https://www.epicbrokers.com/insights/covering-coronavirus-risk-considerations-volume-1-issue-10/