12 May 2020

Middle Market Business Insurance Update: COVID-19 considerations

Middle market businesses (<$250m turnover, 20+ employees) have specific insurance needs and risk exposures which require careful consideration, particularly in light of the current COVID-19 pandemic environment.

Your insurance program needs to remain responsive to the prevailing market conditions while also taking into consideration the future needs of your business.  

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The Middle Market Business Insurance Update: COVID-19 considerations, seeks to provide information on the scope and limitations of insurance policies for middle market businesses and perspectives specific including:

  • Public Liability insurance
  • Property damage and industrial special risks
  • Workplace Health and Safety
  • Cyber risk and data security
  • Management Liability
    • Directors' and Officers’ insurance (D&O)
    • Employment Practices Liability (EPL)
    • Crime

 

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We strongly encourage any company director, executive or board with prevailing concerns around the adequacy of their insurance cover to speak with Gallagher subject matter experts at the earliest opportunity. We are here to help and, through our strategic partnerships and access to exclusive markets, we may be able to present an improved course of action for your business.

 

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Gallagher provides insurance, risk management and benefits consulting services for clients in response to both known and unknown risk exposures. When providing analysis and recommendations regarding potential insurance coverage, potential claims and/or operational strategy in response to national emergencies (including health crises), we do so from an insurance and/or risk management perspective, and offer broad information about risk mitigation, loss control strategy and potential claim exposures. We have prepared this commentary and other news alerts for general information purposes only and the material is not intended to be, nor should it be interpreted as, legal or client-specific risk management advice. General insurance descriptions contained herein do not include complete insurance policy definitions, terms and/or conditions, and should not be relied on for coverage interpretation. The information may not include current governmental or insurance developments, is provided without knowledge of the individual recipient’s industry or specific business or coverage circumstances, and in no way reflects or promises to provide insurance coverage outcomes that only insurance carriers’ control.
 
Gallagher publications may contain links to non-Gallagher websites that are created and controlled by other organisations. We claim no responsibility for the content of any linked website, or any link contained therein. The inclusion of any link does not imply endorsement by Gallagher, as we have no responsibility for information referenced in material owned and controlled by other parties. Gallagher strongly encourages you to review any separate terms of use and privacy policies governing use of these third party websites and resources.
 
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