Overview of changes in the international coronavirus pandemic. Сontinued

While the threat of COVID-19 spread is not on the decline, the Russian Government continues to update the measures taken or introduce new ones, trying to act ahead of the possible adverse consequences of COVID-19.

Further review of the most significant business support measures under the conditions of COVID-19, as well as actions taken to curb the spread of COVID-19, follows below.

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Businesses May Have Insurance that Could Lessen the Economic Impact of COVID-19

The COVID-19 pandemic has leveled a blow against businesses everywhere.  The Governors of New York, California, Illinois, and Pennsylvania, for example, have ordered all non-essential businesses to close their physical locations and the California Governor has ordered all residents, except those performing essential functions, to stay home.  Governors across the country have issued orders restricting various business activities.  The trend is likely to continue in the coming weeks and to adversely impact the bottom line of many businesses.

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Insurance Coverage for the Coronavirus

The recent spread of the coronavirus disease (COVID-19) poses risks not only to human health, but also to the financial wellbeing of many businesses. To date, businesses have been forced to take significant actions in responding to the disease, including cancelling events and even ceasing or suspending operations altogether. As the coronavirus and its ripple effects continue to impact day-to-day life and commerce, businesses may face additional disruptions that could significantly affect their operations and finances. Read more…

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