Baily Insurance - COVID19 Response and Implications (David Baily)
~ www.BailyInsurance.com ~ 800.820.6410
~ Open for business (physical office closed - all staff working remotely)
~ Changing landscape: Laws potentially being passed, etc.
~ Cyber exposure increased with everyone working online.
~ Contact info on website (www.bailyagency.com)
~ Insurance company response: some waiving late fees. some enacting moratorium on cancellations, stay posted for details.
~ Delivery: keep us in the loop! May not be coverage, especially if you have not done delivery on a regular basis and/or your insurance company is not aware of that delivery.
We compiled some COVID-19 tools, resources and recommendations:
1. FFCRA (Families First Coronavirus Response Act) Webinar and Q&A (26 minutes. And, if you have Add’l Qs, our team can help.)
a. Webinar link - https://vimeo.com/408619161
b. Slides from webinar - https://files.constantcontact.com/96fee86f001/0712e347-31a0-4dbe-a13d-ec3677393042.pdf
c. FFCRA Poster - https://www.dol.gov/sites/dolgov/files/WHD/posters/FFCRA_Poster_WH1422_Non-Federal.pdf
d. Additional past webinars available and in the future. Follow our Risk Management Team on Linked In for regular updates.
i. https://www.linkedin.com/company/east-coast-risk-management-llc/
e. Additional questions:
i. Phone: 855-873-0374
ii. Email:
[email protected]
2. Work Comp – Track any payroll for people who you have been paying but not who are not working. Hoping to get reduced or waived premium. (3 minute video link https://youtu.be/VGEQ--s-xhw )
3. Tracking Business Income Lost and/or any Extra Expense associated with COVID19 & Quarantine. This is generally explicitly excluded on your property policy, however, there are several states (including PA) and the federal government that are looking to partner with Insurance companies to expand this coverage to include COVID19. We will keep you posted, but in the meantime we recommend that you track expenses and lost revenue from the quarantine.
4. Employee Benefits – Quick video discussing some of the issues we are fielding from our clients: https://youtu.be/tVB84V0huSY
a. For your questions: Call or email Aaron Ochs or Christin Schlosser
b. Aaron Ochs –
[email protected] – 724.627.6121
c. Christin Schlosser –
[email protected] – 724.627.6121
5. Premium reductions & waivers:
a. Many of our Insurance Company partners are allowing for late pays and/or waivers due to economic hardships and not cancelling policies during this time. If you need to exercise this option, please let us know and we can check into what is available for you. (Also we have been posting some of these notices on our facebook page.)
b. Auto – new company guidance comes out almost daily from insurance companies on returned premium.
i. Follow us on Facebook and Linked In as we continue to update both locations with useful information.
c. Workers Compensation – This will likely be resolved during the Audit at the end of the policy. However, if finances are dire we can make a mid-term adjustment to reduce payroll (if that is the case):
i. For employees paid but not working - See number 2 above
ii. Reductions in payroll will be caught at the audit (generally 2-4 months after the policy expires).
d. General Liability – It depends on your rating basis. Similar to Work Comp, depending on your rating basis, it will likely be resolved at the audit. If based on Payroll or Revenues and those number decrease, you will likely see a reduction in premium. However, some Gen Liab. Policies are based on Square Footage which obviously will not change.
e. As mentioned above, stay tuned to the Baily Insurance Facebook page and Baily Insurance’s Linked In page for updates.
6. Reopening Issues post-Quarantine and other resources:
a. Extensive Post-Quarantine Back to Work Checklist attached
b. Redwoods Resources for Camps and other entities including links below: http://redwoodsgroup.com/resources/covid-19-resource-packet/
• COVID-19 Adult Waiver
• COVID-19 Minor Waiver
• COVID-19 Volunteer Waiver
• COVID-19 Warning Signs
• Virtual Fitness Classes
• Laying Off Employees During COVID-19 Pandemic
• Preparing for Facility Closure due to COVID-19
• Utilizing Your Organization as a Crisis Child Care Center
• Shelter-Based Programming During COVID-19
• Working from Home During COVID-19
• Providing Employee Masks During COVID-19
• Zoom Security Measures
• Emotional and Mental Health During COVID-19
• Responding to COVID-19 at Camp
• Camps Being Called to Serve During COVID-19
• Non-Discrimination Practices During the COVID-19 Outbreak
While not exhaustive, I hope this list is helpful!! Let me know if you have any additional questions or concerns.
