All practices are being impacted by the COVID-19 pandemic. Medical Professional Liability insurance companies are doing their part by waiving premium payments, easing telemedicine coverage requirements, allowing retired physicians to return to work, easing reporting requirements for providers working in other states, and much more. Our carriers have put together resource pages and FAQ’s to help answer questions and provide risk management strategies.
March 25, 2020—Washington State Insurance Commissioner orders all insurers to give grace periods, halt cancelations until May 9, with the option to extend
The emergency order pertains to both admitted and non-admitted property insurance.
March 25, 2020—Washington State Insurance Commissioner Advisory Notice for Claims handling regarding COVID-19 disruption to businesses and loss of business income, read more.
The notice reads:
“When you are contacted by an insured regarding a claim under their policy, I fully expect that you will follow the minimum standard of […]
Posted by Mike Arnold, Commercial Lines Insurance, March 25, 2020
The following is intended to provide high-level information regarding your business insurance as it relates to the COVID-19 pandemic. It is intended to help educate and inform but is not a coverage determination. Your insurance carrier will review the facts of your loss and make a coverage determination.
Insurers have requirements on when a claim needs to be turned in. If you believe your business has suffered a loss due to COVID-19, please contact us or your insurance carrier as soon as possible so that a claim can be made.
Common losses associated with […]
From an insurance perspective, following, adhering to, and monitoring current and evolving guidelines from local and federal government entities is essential. Failing to do so could impact your patients and your operations.