New Coverage to Assist Businesses Impacted by COVID-19 — Temporary Insurance for Suspended Businesses

Los Angeles, CA, April 23, 2020 – Anderson and Murison is proud to announce a new coverage from one of our partners directed at businesses that have been forced to temporarily close as a direct result of COVID-19.

Highlights

  • Coverages available: GL and incidental Property
  • GL coverage will be offered with an Ongoing Operations exclusion CG2153 (products-completed ops, PI/AI, med pay coverage not excluded)
  • 90-day policy term
  • GL flat charges range from $300 to $500 based on risk type ($1/$2MILlimits); property MP is $100
  • Premium is 100% earned

Thumbs Up – Eligible

  • Business is temporarily closed due to local, state, or federal ordinance requirements around COVID-19 pandemic
  • Business must have had continuous insurance coverage for the past three years (or for the number of years in business if less than three. Exceptions for small lapses may be acceptable.
  • Targeted business will have average annual receipts under $500,000 per year prior to temporary shutdown

Thumbs Down – Not Eligible

  • Bars, taverns, nightclubs, apartments, hotels, motels, janitorial, temporary, or semi-permanent site & Facilities. Designed to test, diagnose, or evaluate for communicable disease.
  • Business that have permanently closed or those that have no intention of reopening after 90 days
  • Vacant buildings (all business personal property and stock has been removed)
  • Project specific construction sites
  • Monoline property

What we need

  • Business Description
  • Latest Acord and supplemental applications
  • Copy of current policy Dec page and forms schedule
  • Expected term of business suspension (if beyond 7/15/2020)
  • Loss history

Call Anderson and Murison today at 800.234.6977 ext 220
We can help your customers during these unprecedented times

Media Contact:
Mitch Jawitz
800.234.6977 ext 231

 

Read our latest COVID-19 coverage.

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