Businesses across the world are beginning to estimate the financial impacts and business interruption caused by the pandemic. As this unprecedented event unfolds, it is important to take simple but critical steps to adequately document, analyze and project losses and incremental costs.
Regardless of whether recovery is available through potential insurance, contracts, local/federal government assistance or other means, every businesses must act now to document all impacts and losses in a clear, comprehensive manner.
We’ve put together a collection of resources to help inform businesses and help them navigate the pandemic.
COVID-19 THOUGHT LEADERSHIP
Tips for Risk Managers for Hurricane Response during a Pandemic
With two named storms in the Atlantic before the official start of Hurricane Season on June 1st, experts believe it will likely be a busy hurricane season. NOAA is predicting 13 – 19 named storms...
Quantifying Fraudulent Business Activities in the age of “Coronavirus” (COVID-19)
The Association of Certified Fraud Examiners estimates that organizations lose approximately 5% of revenue to fraudulent activities each year. This percentage should increase as all organizations manage through COVID-19. An estimated 20.5...
“Coronavirus” (COVID-19) Return to Work Tips
As there is a gradual shift to lift mandatory shutdowns and restrictions, businesses are being allowed to reopen with new sets of guidelines and restrictions. While the specific rules will vary by county and state, we have prepared some general tips on...
“Coronavirus” (COVID-19) Loss Quantification Tips and Downloads for the Gaming Industry
Download our Gaming Claim Preparation Checklist by clicking here and visiting our Resource Directory All businesses and organizations - large or small – facing business Interruption and other financial impact from Conronavirus need to calculate and document their...
“Coronavirus” (COVID-19) Loss Quantification Tips and Downloads for the Real Estate Industry
Download our Real Estate Claim Preparation Checklist by clicking here and visiting our Resource Directory Businesses across the world are continuing to estimate the financial impacts and business interruption caused by “Coronavirus” (COVID-19). As this...
Frank Russo joins CFMA Webinar: Managing the Financial and Business Risks of Reopening Job-sites and Shut-downs
04.14.20-CFMA-Webinar-SeriesDownload Find additional supporting information by clicking here and visiting our Procor Solutions Resource Directory Please be advised that any and all information, comments, analysis, and/or recommendations set forth above relative...
Frank Russo joins panel: Everything Risk Managers & Insurers Need to Know About Business Interruption Under COVID-19
Click the link below to register now https://www.perrinconferences.com/webinars/everything-risk-managers-and-insurers-need-to-know-about-business-interruption-under-covid-19/ https://attendee.gotowebinar.com/recording/958654698962787595 Find additional supporting...
“Coronavirus” (COVID-19) Loss Quantification Tips and Downloads for the Energy Industry
Download our Energy Claim Preparation Checklist by clicking here and visiting our Resource Directory COVID-19 has hit all industries hard, causing impacts, delays and financial losses on an unprecedented scale. The Energy Industry, in every one of it's sub-sectors, is...
Frank Russo interviewed by the U.S. Chamber of Commerce in the CO article: 3 Expert Strategies for Curbing Coronavirus-Related Business Losses
“Sound financial supporting documentation and memorializing and updating the story of your interruption is key,” said Russo. For help with these tasks and expert guidance, “it’s also important to reach out to experts who deal with business interruption events,...
“Coronavirus” (COVID-19) Loss Quantification Tips and Downloads for the Hospitality Industry
Download our Hospitality Claim Preparation Checklist and Hospitality Loss Quantification Worksheet by clicking here and visiting our Resource Directory All businesses and organizations - large or small – facing business Interruption and other financial impact from...
“Coronavirus” (COVID-19) Loss Quantification Tips and Downloads for the Healthcare Industry
Download our Healthcare Claim Preparation Checklist and Healthcare Loss Quantification Worksheet by clicking here and visiting our Resource Directory All businesses and organizations - large or small – facing business Interruption and other financial impact from...
“Coronavirus” (COVID-19) Loss Quantification Tips and Downloads for the Manufacturing Industry
Download our Manufacturing Claim Preparation Checklist and Manufacturing Loss Quantification Worksheet by clicking here and visiting our Resource Directory All businesses and organizations - large or small – facing business Interruption and other financial impact from...
Frank Russo joins Associated General Contractors of America Podcast Series: Tips to Document “Coronavirus” Impacts
Frank Russo joined a distinguished panel convened by the Associated General Contractors of America around the topic of quantifying and presenting Covid-19 related construction losses. "My overall message and comments today will be quite simple, but extremely...
Arnie Mascali to join Live Stream Series | Update No. 4 COVID-19 (“Coronavirus”) Hosted by Brown & Brown Insurance
COVID-19 (“Coronavirus”): Clinical Updates, SBA Disaster Loan Program, Business Interruption, and Engaging Employee Health & Well-Being Friday, April 3rd | 2:00pm et, 11:00am pt Click Here to Register for the Webinar Find additional supporting information by...
Calculating “Coronavirus” (COVID-19) Business Interruption Losses
All businesses and organizations - large or small – facing business Interruption and other financial impact from Conronavirus need to calculate and document their losses properly before applying for local or federal grants, insurance proceeds or other areas of...
“Coronavirus” (COVID-19): 5 Key Tips for Public Entities when documenting a loss
Effective March 13, 2020, President Trump declared a National Emergency, allowing for the Federal Emergency Management Agency (“FEMA”) assistance through the Public Assistance program following the impacts to COVID-19 (“Coronavirus”), as authorized under Section...
“Coronavirus” (COVID-19): Capturing the Costs – Business Interruption Checklist and Worksheet
Businesses across the world are beginning to estimate the financial impacts and business interruption caused by "Coronavirus" (COVID-19). As this unprecedented event unfolds, it is important to take simple but critical steps to adequately document, analyze and...
Construction Project Loss/Delay checklist when impacted by “Coronavirus” (COVID-19)
As contractors, owners/developers and subcontractors evaluate delays to construction projects related to Coronavirus ("COVID-19") shutdowns, it is important to take some simple but critical steps to adequately document, analyze and project such delays and incremental...
“Coronavirus” (COVID-19) Disruption Leads To Business Interruption Losses
By Procor SVP, Chris Mortifoglio and Senior Analyst, Morgan Machado Since the beginning of the new year, the Novel Coronavirus/2019-nCoV (“Coronavirus”) has dominated the news headlines. The number of infected individuals continues to climb significantly and the...
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