PANDEMIC PROTECTION

The COVID-19 pandemic of 2019-2022 brought to the attention of many US business owners risks that occur during an outbreak which are not addressed by conventional insurance coverage.  Claims for interruption to operations, increased working costs and legal liability suits were generally denied by insurers or subject to protracted and largely unsuccessful coverage lawsuits.

 

Until now there has been no specifically designed insurance solution for pandemic risks.  In partnership with Great Lakes Insurance SE, a Munich Re company (Go here) rated A+ [‘Superior”] FSC XV by A M Best, .  Munich is a market leader in this type of coverage (Go here).

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Jorgensen & Company has developed a unique insurance product for professional firms and small enterprises

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This new and unique insurance program provides coverage for professionals and Small and Medium Sized Enterprises for the following risk exposures:

 

• Commercial General Legal Liability

• Management (Directors’ & Officers’) liability

• Business Interruption (lost income)

• Extra Expenses (increase cost of working)

• Additional costs[1] for:

  • Employee Child Care

  • Emergency Travel Accommodation

  • Emergency Medical Arrangements

  • Public Relations Expenses

• Crisis Management Costs[1]

• Pandemic Influenza Extension[1]

[1] Subject to a sublimit as more full defined in the policy.

 

Several limit option are available and can be extended to include multiple locations.

 

Business Interruption and Extra Expenses are calculated on actual loss sustained.

 

Subject to the coinsurance, deductible, full policy terms, conditions and exclusions, and the overall program aggregate.

 

Premium discounts may be available for effective risk management techniques.

 

Great Lakes Insurance SE financial ratings are: