According to brokers at Risk Strategies, each of these facilities are wondering if there will be any recourse for the business income lost.
“Business interruption is probably the number one subject, for sure,” said Joe Levy, senior vice president. “We’re fielding a lot of questions.”
“Some of our clients haven’t had a case in 45 days,” added Chris Zuccarini, managing director. “We’ve seen busy practices completely shut down. One just laid off 125 employees. Another with 21 offices closed all but 5. No one could have expected this scenario.”
The advice right now, according to Zuccarini and Levy is to document everything – lost revenue and extra expenses.