Does Your Business Interruption Insurance Cover COVID-19-Related Losses? Are You Sure?

JASON J. THOMPSON | April 8, 2020

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The COVID-19 coronavirus emergency has everyone scared, and many are imagining the worst. For business owners and managers, there is a fear that what you, your employees, and your customers or clients have built will be lost – through no fault of your own. And we don’t know how long the financial impact of the pandemic will continue.

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Worley Schilling and Randall Insurance

Worley, Schilling & Randall (WSR) is proud to serve as your trusted partner by helping you to protect your families, businesses, homes, and all the things that matter most. As a family-owned insurance agency in Georgia, we have been helping our customers prepare for the unexpected since 1920. We draw upon our extensive industry expertise, coupled with our widespread regional network, to offer you the most comprehensive insurance solutions available that are tailored to your specific personal, commercial, and recreational needs.

OTHER ARTICLES

6 insurtech predictions for the 2020s

Article | February 21, 2020

The insurtech movement has been underway for the better part of a decade. Now that we have entered the 2020s, it might be worth exploring what could be on the horizon for insurtech over the next ten years. Insurtech has evolved from its origins in the early part of the last decade (as an offshoot of the FinTech movement) and quickly gained momentum over the last few years to experience a strong close in 2019.

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How Is COVID-19 Impacting the Insurance Industry?

Article | March 30, 2020

As the COVID-19 situation unfolds, governments around the world have a responsibility to look after their people, and most are doing exactly that with the resources they have at hand. Apart from government bodies and healthcare establishments, in unforeseen circumstances such as this involving loss of lives or jobs and the collapse of entire businesses, people are also looking to insurance organisations for support.

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The economy is slowing down: what does it mean for insurance companies?

Article | April 21, 2020

Since 2010, as countries waded out of the recession of 2008, they enjoyed economic growth. Coupled with technological innovation, the global economy really got a boost. But, mirroring Nature’s cycles, it seems it is now time to hit a plateau and slow down. In this article, we explore why the slowdown could be happening and more importantly, what it means for us in the insurance industry.

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INSURTECH AND RISK MANAGEMENT: RESHAPING RISK SCORING AND UNDERWRITING

Article | February 21, 2020

The vibrant combination of insurance services and technical innovation takes a swing at the insurance sector. Let’s look at the current state of the market and how it pushes insurers toward rethinking risk scoring and underwriting procedures. In a global sense, the insurance industry is safe and sound. The sector is growing steadily, showing overall profitability.

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Spotlight

Worley Schilling and Randall Insurance

Worley, Schilling & Randall (WSR) is proud to serve as your trusted partner by helping you to protect your families, businesses, homes, and all the things that matter most. As a family-owned insurance agency in Georgia, we have been helping our customers prepare for the unexpected since 1920. We draw upon our extensive industry expertise, coupled with our widespread regional network, to offer you the most comprehensive insurance solutions available that are tailored to your specific personal, commercial, and recreational needs.

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