The IIAW is committed to providing resources to help member and non-member agencies respond to customers, manage their internal operations and stay educated. We will continue to monitor the rapidly changing situation related to the spread of COVID-19 and provide updates accordingly.
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"Coming together is a beginning, Staying together is progress, and Working together is success" -Henry Ford
Click the image above to Access IIABA's Coronavirus Resource Page
This section includes a variety of tools and resources for your agency to implement and use as you begin to reopen your agency. Between internal communications, working remote policies, notices and guides,
you can find everything you need here.
Worker's Compensation This bill provides that, for the purposes of worker's compensation, an injury caused to a "first responder", during any public health emergency declared by the governor on March 12, 2020, by executive order 72 and ending 30 days after the termination of the order, is presumed to be caused by the individual's employment. The presumption requires a diagnosis or positive test for COVID-19, the employee must have been exposed to persons with confirmed cases of COVID-19 in the course of employment, and the presumption may be rebutted by specific evidence that the injury was caused outside of employment.
Tax Conformity for Small Business Loans This proposal also will conform state law to federal law regarding the treatment of paycheck protection loans to business and employees under the small business administration's loan guarantee program for the period of time from February 15, 2020 through June 30, 2020. A ortion of the loans may be forgiven on a tax-free basis under certain conditions.
Civil Immunity There is also civil immunity from liability throughout for healthcare workers, nursing homes, assisted living facilities, charitable organizations and manufacturers that provide supplies and medical equipment for COVID-19.
Minnesota New Bill (Currently in Effect) Bill FAQ This new bill in Minnesota that workers' compensation will cover first responders, healthcare workers/providers and those required to provide child care to first responders and healthcare workers who contract COVID-19. There are certain requirements for coverage listed in the links above.
Michigan Executive Order(Currently in Effect) First responders and any individuals working in a healthcare facility or agency is presumed to have contracted COVID-19 in and out of the course of employment. Individuals that are directed to be quarantined by their employer due to confirmed or suspected exposure to COVID-19 are also covered under workers' compensation.
This section includes a summary of what Wisconsin and the surrounding states are doing in terms of Worker's Compensation legislation and executive orders due to COVID-19. Some states are expanding worker's
CARES ACT- SBA Financing (Loans/Grants) IIABA and IIAW's Banking Partner Insurbanc, is recognized as a Preferred Lender by the U.S. Small Business Administration, the highest bank designation, awarded to top-tier lenders.
InsurBanc is prepared to work with eligible insurance agencies to obtain the emergency financing offered through the Paycheck Protection Program.
This program is designed to help cover your short term operating expenses so you can remain open and keep our local economies and the insurance industry thriving.
To get started,
www.insurbanc.com/sba and click “Get Started”. One of InsurBanc’s commercial loan officers will reach out to you as soon as the SBA
announces the application and processing procedures.
Insurance agencies interested in obtaining emergency financing offered through the Paycheck Protection Program may also click HERE to search for the nearest, local SBA approved financial institution. Additional Information under the CARES ACT Information Tab below.
Information on Applying for Small Business Disaster Loans
The Paycheck Protection Program is specifically designed to help small businesses keep their workforce employed. The Disaster Loans (economic injury disaster loans) are designed to provide owrking capital to small businesses suffering substantial economic
injury as a result of COVID-19. Learn more about these financial resources in the section above.
Coronavirus Aid, Relief, and Economic Security (CARES) Act Information After some last minute hiccups which caused a slight delay, the U.S. Senate unanimously passed the Coronavirus Aid, Relief,
and Economic Security (CARES) Act by a vote of 96-0. The House of Representatives passed the legislation unanimously on a voice vote on March 27, 2020. The President signed it into law on the 27th.
The $2 Trillion relief package is the largest of its kind in
American history. Download the memo below outlining its impact on Big
“I” members and clients. More details will be made available as the
legislation is implemented by Federal and State authorities.
This information is important to review so that your agency may take advantage of the assistance (loans/grants) available. It is also important for you to share with your clients. It is recommended that you share this with you clients and let them know these stimulus programs have been established to help businesses continue to operate or get back to being operational.
The CARES Act is a $2 trillion relief package, the largest of its kind in American history. View resources on how this relief bill will impact you, your insureds and other businesses. You may be eligible to take advantage of the assistance (loans/grants)
available. This information is also important to share with your clients and includes a graph, letter and more for your agency to use as it would like.
The Families First Coronavirus Response Act (FFCRA) requires certain employers to provide their employees with paid sick leave and expanded family and medical leave for specified reasons
related to COVID-19.These provisions will apply from April 1, 2020 through December 31, 2020. Download the FFCRA Poster (below) that must be displayed and distributed (emailed) to
your employees. Please feel free to share this guidance and the poster with your clients.
The FFCRA or Families First Coronavirus Response Act requires certain employers to provide their employees with paid sick leave and expanded family and medical leave for specified reasons related
to COVID-19. These provisions will apply from April 1, 2020 through December 31, 2020. This act requires all employers with less than 500 employees to display and distribute a flyer from the
US Department of Labor. Click the dropdown above to view a variety of resources including this poster, Q&A documents, a summary of the act, employer requirements and different employee rights.
It is important for customers to understand why the coverage may be excluded or why the claim does not meet coverage guidelines. Refrain from responding to questions you may not be
comfortable answering and when necessary, engage with the carrier to determine the appropriate course of action. If there is any uncertainty regarding coverage for your customer(s),
follow your agency guidelines for submitting claims to the carrier or have the customer submit the claim directly. It is the carrier’s role to determine whether or not coverage
exists. Properly document all conversations with the customer as well as any conversations with the carrier. Please review these updated recommendations on Business Income claims.
Due to the unprecedented number of phone calls, the Department of Workforce Development is requesting that claims for unemployment be made online. You can do so here: https://dwd.wisconsin.gov/uiben/apply
You will find a links to available carrier communications and notices about what they are doing for customers during this time. Many carriers are offering a refund on certain policies and
providing payment flexibility options.
Agency Considerations for Operations and Employees
An Agency's Introductory Guide to Becoming a Digital Agency As you continue to work during the pandemic, here are some resources and considerations for your agency as you implement new internal policies and procedures for your staff to work remote/work from home.
The Safer at Home Order is invalid. Businesses can open immediately, but should continue to follow the appropriate federal and state health guidelines.
Please note that some counties may issue their own emergency order to continue safer at home provisions within their county's boundaries. This is legal for counties to do. Please make sure you check with the appropriate authorities within your county before you open your business.
Federal Legislation Introduced on Business Interruption Coverage (4/14/2020)
Rep. Mike Thompson (D-CA) introduced the Business Interruption Insurance Coverage Act (below) along with nine other Members of Congress. The legislation would require
every property/casualty policy which includes business interruption coverage to cover losses stemming from a viral pandemic or business closure while preempting state
law in nullifying any such exclusions in force on the date of enactment.
Those joining Rep. Thompson in this misguided and harmful legislation as original cosponsors are: Representatives Alcee Hastings (D-FL), John Larson (D-CT), Grace Napolitano
(D-CA), Mike Rogers (R-AL), Jerry McNerney (D-CA), John Garamendi (D-CA), Darren Soto (D-FL), Gil Cisneros (D-CA), and TJ Cox (D-CA).
The Big “I” and our industry partners received word of this legislation yesterday (4/14/2020) and over the course of the past 24 hours reached out to every House office to
notify them of our strong opposition to the bill. Please find below an industry letter signed by the five major p/c insurance trades laying out our opposition while also
expressing our support for practical solutions to the problems facing our business clients in these unprecedented times.
This section contains tools, resources and recommendations to continue your operations during this pandemic. Included in this section is an "Agency's Introductory Guide to Working
Remote", a variety of resources to consider to have employees be efficient and productive as they work remotely, OCI bulletins and orders, information about the Safer at Home Order,
how to apply for a small business loan and more!
To stay up-to-date with the latest information, please be sure to check our spam filter for IIAW emails and alerts. If you do not subscribe to IIAW publications, please click here to subscribe by entering your email.
Together we will get through this. We appreciate your membership to the IIAW and thank you for your commitment as we provide tools and resources during this time.
The information contained herein is not intended to constitute legal or other professional advice and should not be relied upon in lieu of consultation with your own legal advisers. The resources found on the IIAW website and within IIAW printed and digital materials were created to benefit the independent agency channel and cannot be recreated, copied or shared without the written permission of the IIAW.
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