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
LATEST NEWS, ARTICLES & INFORMATION (The latest news, articles and important information will be posted here and then the following day moved to the appropriate section below)
ALERT: SBA Releases New Paycheck Protection Program Application (4/3/2020)
Effective 4/3, a new application/form has been posted to the SBA website. The link to the new form is below. If your agency or clients have already completed, or are in the process of completing, the prior application/form,
please direct them to the new form below. As with most things related to this program, it may be subject to change. Please continue to monitor this site for additional, updated information.
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/
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, visit 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/
Agency Considerations for Operations and Employees
An Agency's Introductory Guide to Working Remote 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.
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.
Click here to read a letter from the IIAW regarding its business operations and scheduled events
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.
Independent Insurance Agents of Wisconsin
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Madison WI 53713