We've been monitoring the impact COVID-19 is having on business continuity throughout the U.S. We also understand your desire to provide timely and quality service to our clients.
Over the last few weeks, we've been preparing our office to work remotely should it become necessary. We've also setup protocols to protect our employees' health and well-being. These protocols include: halting business travel, limiting unnecessary meetings and canceling some trade events.
It is our expectation that your service experience with JFA Insurance remains timely and we do not expect any delay in operations as a result of the virus.
For more effective communication we ask that you use email to communicate with the office for now as we are working with a skeleton staff until further notice in the office as most of our employees will continue to work remotely for their safety.
If you would like to learn more about COVID-19 and business continuity we encourage you to visit cdc.gov.
Clarifications on Commercial Coverage as related to COVID-19, more commonly referred to as Coronavirus
In light of recent events, we are providing this summary to ensure our clients have clear information regarding how a policy will respond to an outbreak.
Insureds with Building and/or Business Personal Property Coverage
For those insureds that have coverage for Buildings, Business Personal Property, and/or any related property or structure. There is no coverage for property due to the Coronavirus as the property would not have suffered any direct physical loss.
Insureds with Loss of Income Coverage - Earnings and Extra Expenses.
There is no coverage for Loss of Income if an insured business is shut down because of the Coronavirus. Earnings and Extra Expense Coverage only applies when there is a loss or damage to real or personal property at the described premises or within 100 feet.
Supplemental Loss of Income Coverages – Interruption by Civil Authority
Coverage would not be provided under the Supplemental Loss of Income Coverage for Interruption by Civil Authority. This coverage only applies if an order is a result of damage to property that is caused by a peril covered.
The Coronavirus is a virus and as such loss, cost, or expense caused by Virus or Bacteria is an excluded peril for all types of property coverage.
This exclusion applies to, but is not limited to, any loss, cost, or expense as a result of:
a. any contamination by any virus, bacterium, or other microorganism; or
b. any denial of access to property because of any virus, bacterium, or other microorganism.
In the event businesses are ordered to be closed because of either a potential outbreak or an outbreak of the Coronavirus, either in or near the insured premises.
Civil Authority -- "We" do not pay for loss or damage caused by order of any civil authority, including seizure, confiscation, destruction, or quarantine of property.
If you have any questions or would like additional clarification, please contact your commercial lines underwriter or me directly.
With nearly 100 years of collective experience, our team of agents keep service and quality products at the top of mind. We have the knowledge and skillset to keep companies moving through products like business insurance and workers compensation. We have served Queens, New York City, and surrounding areas throughout the state of New York for over 30 years and know what it takes to keep our clients secure.
JFA Insurance Brokerage & Associates Inc is a full service commercial insurance brokerage servicing the business insurance marketplace.
If you are looking for coverage for a Building, Restaurant Operation, Religious Institution, Non Profit, Construction Risk, Builders Risk, Retail, Wholesale, Manufacturing, Importing and Exporting, or have any business that needs commercial insurance coverage, we will take the time to explain to you what you are purchasing so you can understand your need for protection.
At JFA Insurance Brokerage & Associates Inc., we educate our clients to understand the exposures their business faces. We then will shop the markets to obtain the broadest coverage at the most competitive pricing. Our group of experienced underwriters is here to meet your individual needs and assist as you grow your business.
We are able to insure a variety of industries including construction, restaurants, and real estate. As an independent agency, we have formed partnerships with A-rated carriers like Nationwide, Hanover, and Amtrust – this gives us the ability to provide our clients with a variation of package options and competitive rates.
When you call our agency during business hours you will always be able to speak with a live person. We are very responsive and service oriented. Our team takes the time to understand the potential risks of each client and provide our expertise accordingly.
To learn more about how our products can protect your business, call or contact us today.