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Fiduciary Liability Helps Protect Employee Retirement and Welfare Plans During Pandemic

Fiduciary Liability Helps Protect Employee Retirement and Welfare Plans During Pandemic

The effects of the COVID-19 pandemic are pummeling the U.S. stock market, and our economy is beginning to feel the strain of nationwide business disruptions. Responding to slowing business demand with layoffs, wage cuts, or a reduction in employee hours may provide opportunity for greater company scrutiny by a wide variety of claimants, including employees. Fiduciary liability is an often-overlooked area of insurance coverage that can help protect businesses offering retirement or employee benefit plans that may be affected by the economic shift.

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Working Remotely Due to COVID-19? Cyber Coverage May Apply to Unexpected BI

Working Remotely Due to COVID-19? Cyber Coverage May Apply to Unexpected BI

As COVID-19 continues to spread across the U.S., organizations and businesses are taking seriously their responsibility to facilitate social distancing as we attempt to slow the spread of the virus. While there are many benefits to working remotely in the current situation, remote work can place greater strain on IT systems and increase cyber risks. Both employers and employees need to take action to protect themselves and business continuity. Remote work isn’t a new concept and is considered the norm within many organizations. However, some businesses have never needed or utilized large-scale work-at-home plans prior to the current pandemic, and may not be aware of their cyber vulnerabilities.

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How the Coronavirus is Impacting Insurance Markets, So Far

How the Coronavirus is Impacting Insurance Markets, So Far

The global community is more interconnected than ever before. Widespread travel and business relations requiring international supply chains make pandemics a more likely threat.

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Keep Calm and Act Now: Long-term Care Facilities Brace for Coronavirus Impact

Keep Calm and Act Now: Long-term Care Facilities Brace for Coronavirus Impact

Originating in Wuhan, China, the Covid-19 virus has now been diagnosed in more than 111,000 people worldwide and resulted in over 3,800 deaths.7,8 The first U.S. case of COVID-19 was reported on January 21st, and that number has grown to 566+ U.S. infections resulting in over 20 deaths, so far.4,8 As we watch the coronavirus begin to touch communities across the country many are naturally wondering who is at risk and how to prepare.

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