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Covering Coronavirus: Risk Considerations Volume 1, Issue 14

… The best sources overall for timely information on the coronavirus pandemic remain the Centers for Disease Control (CDC), the World Health Organization (WHO) and Occupational Safety and Health Administration (OSHA). EPIC continues to compile resources to aid in understanding the impact of the pandemic on employers, their workforces and the management of risk. Supply Chain & Business Risks U.S. Borders Open for Truck Traffic The Department of Homeland Security extended its decision to partially close non-essential travel through June 22, 2020. Truck travel, which continues to be deemed essential, is permitted to cross both the northern and southern borders …

https://www.epicbrokers.com/insights/covering-coronavirus-risk-considerations-volume-1-issue-14/

Covering Coronavirus: Risk Considerations Volume 1, Issue 13

… The best sources overall for timely information on the coronavirus pandemic remain the Centers for Disease Control (CDC), the World Health Organization (WHO) and Occupational Safety and Health Administration (OSHA). EPIC continues to compile resources to aid in understanding the impact of the pandemic on employers, their workforces and the management of risk. Insurance Products & Coverage Medical Malpractice Update Entering 2020, the global healthcare insurance industry was under significant pressure to return to profitability. This is in stark contrast to today’s marketplace where underwriters are making calculated decisions about the deployment of available capacity. The increased scrutiny includes a …

https://www.epicbrokers.com/insights/covering-coronavirus-risk-considerations-volume-1-issue-13/

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/

Managing Business in a Complex World

… provides easy-to-follow steps for organizations to develop while implementing a robust BCP. These plans should limit exposure, risk and downtime for the organization. The quicker a business can get up and running after a disaster, including supply chains, distribution and manufacturing facilities, stores and corporate offices, the less time and revenue it will risk losing. Let’s take a look at a simple four-step process to building a BCP: Step 1: Risk Assessment Start by conducting a risk assessment and determine the risks and exposures you’re trying to mitigate. A SWOT (strengths, weaknesses, opportunities and threats)

https://www.epicbrokers.com/insights/managing-business-complex-world/

Covering Coronavirus: Risk Considerations Volume 1, Issue 12

… prescription drug expenses? Take Survey General Information on Coronavirus The best sources overall for timely information on the coronavirus pandemic remain the Centers for Disease Control (CDC), the World Health Organization (WHO) and Occupational Safety and Health Administration (OSHA). EPIC continues to compile resources to aid in understanding the impact of the pandemic on employers, their workforces and the management of risk. Supply Chain and Business Risks Use Caution! MVR Accuracy During the Pandemic In March, State Driver Licensing Agencies (SDLAs) throughout the U.S. altered or ceased customer-facing services in response to the pandemic. Several states extended license

https://www.epicbrokers.com/insights/covering-coronavirus-risk-considerations-volume-1-issue-12/

Property Insurance Market Update – Q2 2020

… COVID-19, the impact of the pandemic is already manifest in the renewals underway now. The specific coverage changes in property policies directly related to Coronavirus have essentially been a tightening of contamination exclusions, adding specific exclusions for communicable disease, or a significant lowering of limits for those policies that do provide some coverage. A more significant direct impact has been on the underwriting process. With underwriters and their modelers working from home, the process and flow of renewals have slowed dramatically. On-site risk control visits to provide underwriters with information they need to assess risks have been suspended.

https://www.epicbrokers.com/insights/property-insurance-market-update-q2-2020/