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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/

California COVID-19 Alert

Executive Order Makes it Easier For Essential Workers in California to Obtain Workers’ Compensation Benefits On Tuesday, May 6, 2020, Governor Newsom signed an executive order that will make it easier for essential workers who contract COVID-19 to obtain workers’ compensation benefits. This order creates a rebuttable presumption that California’s essential employees who contract COVID-19 in the course of their employment are eligible for workers’ compensation benefits. This order will broaden benefits to all sectors, as long as the employee tests positive for COVID-19 by a physician. In addition to healthcare and first responders, the executive …

https://www.epicbrokers.com/insights/california-covid-19-alert/

Covering Coronavirus: Risk Considerations Volume 1, Issue 11

EPIC Risk Advisory Bulletin Volume 1, Issue 11 The global COVID-19 (coronavirus) pandemic remains both dynamic and fluid. We continue to see unprecedented disruptions at home and abroad. In this issue, we take a focused look at: General Information on Coronavirus Supply Chain and Business Risks Regional Supply Chain for Medical Equipment Insurance Products and Coverage Information Rising Drone Deliveries Across America Coronavirus Considerations for the Construction Industry Trucking Industry Updates Immunity Debate for Healthcare Organizations Legislation and Litigation Roundup Human Resources and Employee Benefits OSHA-Approved Return to Work Plans New NYCIRB Classification Codes for Telecommuters Employee Benefits …

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

EPIC Announces Dave Howard as President of EPIC Select

… organization including the Private Client, Entertainment & Sports, Life & Disability and Commercial insurance teams. Howard will work closely with Tim Brenneman, President of EPIC’s Private Client Practice, in providing services to high net worth clients. “We are building a client-centric model around transparency and alignment. Successful people have complex risk factors and we are committed to helping them understand the risk exposures they face and thus make informed decisions to protect their assets,” commented Brenneman. The Select team will also work closely with EPIC’s national entertainment and sports practice, which specializes in serving the unique risk protection needs …

https://www.epicbrokers.com/insights/epic-announces-dave-howard-as-president-of-epic-select/