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COVID-19: New York Emergency Regulation


 professional liability, medical malpractice, credit life and health, credit unemployment, life, annuities, workers’ compensation, fidelity & surety, credit, marine and inland marine, marine protection indemnity, gap, and involuntary unemployment. The Executive Order and Regulation also apply to prepaid legal services plans and legal service insurance, the Motor Vehicle Insurance Association Assigned Risk Plan, New York Property Insurance Underwriting Association, and Medical Malpractice Insurance Association. Please note that while the Regulation and relief provided therein applies to personal lines policies acquired in the excess and surplus lines market, it does not apply to commercial policies purchased by Small Businesses in the excess 


https://www.epicbrokers.com/insights/covid-19-new-york-emergency-regulation/

EPIC Insurance Brokers & Consultants Launches Restructuring Services Offering

EPIC Insurance Brokers & Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, announced today that the firm has launched a Restructuring Services operation under its Financial Services division to support the restructuring process for distressed situations with risk mitigation and risk transfer insurance capital solutions. Led by Executive Vice President, Philip V. Moyles, Jr., head of Financial Services, the group will work with restructuring, legal, accounting and bankruptcy professionals as well as turnaround investors, to improve liquidity, preserve the business enterprise and develop and implement programs that address the issues adversely impacting financial performance. EPIC’s Restructuring 


https://www.epicbrokers.com/insights/restructuring-services-offering/

Notarizing and Executing Legal Documents While We Shelter-In-Place

BACKGROUND The COVID-19 pandemic has resulted in stay at home orders and social distancing requirements in almost every state in the country. This, in turn, has led to challenges for notaries public to conduct their obligation to witness execution of legal documents. Some states have addressed this issue by passing laws or issuing temporary regulations authorizing “virtual” notarization without in-person meetings. LESSONS TO LEARN Lawyers’ professional liability (LPL) policies protect law firms and lawyers from claims of negligence in the rendering or failure to render legal professional services – including notary services. The breadth of coverage provided by an 


https://www.epicbrokers.com/insights/notarizing-and-executing-legal-documents-while-we-shelter-in-place/

COVID-19: Workers’ Compensation FAQs

My employee alleges that they contracted the coronavirus while at work. Will this result in a compensable workers’ compensation claim? If the employee is a health care worker or first responder, the answer is likely yes (subject to variations in state law). For other categories of employees, a compensable workers’ compensation claim is possible, but the analysis would be very fact-specific. If there was an exposure to COVID-19 in the work place is the employee likely to establish a compensable workers compensation claim? Each state has different laws around what establishes a work related injury. In most cases 


https://www.epicbrokers.com/insights/covid-19-workers-compensation-faqs/

Covering Coronavirus: Risk Considerations Volume 1, Issue 7

EPIC Risk Advisory Bulletin Volume 1, Issue 7 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 Cargo Theft Response Services and Safety Tips Insurance Products and Coverage Information Webinar: Management Risk & Cyber/Privacy Legislation and Litigation Roundup Human Resources and Employee Benefits Sharp Increase in OSHA Complaints Webinar: Filing CA Workers’ Compensation Claims Navigating New Leave Requirements as a Result of Coronavirus Release of U.S. Treasury Paycheck Protection 


https://www.epicbrokers.com/insights/covering-coronavirus-risk-considerations-volume-1-issue-7/

Claim Data and Trends


 factors driving severity and certain areas we are monitoring as emerging areas of concern. Ponzi Schemes Although by no means new, we continue to see Major Firms ensnared by Ponzi schemes and other client level fraud. Over 40% of the Severe Claims in our database involve fraud perpetrated by employees, management or business owners. In all of these claims the accounting firms and their employees did not commit any fraud. Rather, it was fraud perpetrated by employees/owners of the client who purposefully hid the wrongdoing. A recent example of a fraud case trapping a Major Firms Group accounting firm 


https://www.epicbrokers.com/insights/claim-data-and-trends/

SBA Payment Protection Program Considerations


 and that independence will not be impaired provided CPAs comply with the interpretations of the Nonattest Services subtopic of the AICPA Code of Professional Conduct. The AICPA also notes that the majority of the certifications and authorizations in the “Representations, Authorizations and Certifications” section of the PPP loan application are management responsibilities. The signature required on page 2 of the application is required to be made by the company applying for the loan or its authorized representative. As such, signing as a client’s authorized representative would impair independence on an attest client because the CPA would be exercising management 


https://www.epicbrokers.com/insights/sba-payment-protection-program-considerations/

EPIC Workers’ Compensation Claims Advocacy

COVID-19 Update During these rapidly changing times and the increase in COVID-19 cases, companies must take steps to mitigate risk for employees and their business. The Centers for Disease Control and Prevention (CDC) has established a website, updated daily, to assist employees and employers. cdc.gov The California Department of Industrial Relation also provides Guidance on Requirements to Protect Workers from Coronavirus. dir.ca.gov OSHA has also developed measures and guidance for protecting employees from exposure to COVID-19. osha.gov Below we have provided a few recommendations for companies, as it relates to California workers’ compensation 


https://www.epicbrokers.com/insights/epics-workers-compensation-claims-advocacy/