The declaration of COVID-19 as a pandemic on March 11, 2020 by the World Health Organization impacted individuals and organizations at all levels. The full assessment of this virus will take years to fully comprehend, however, the immediate effects are on lives and business activities. What can we do to mitigate this risk and similar unforeseen risks in the future?
Management of Risks: –
Insurance is the vehicle used to manage these risks. Every individual and organization needs to do an assessment of what risks they can “afford” to absorb or what would have a significant impact on their financial ability to meet these expenses and continue in the future.
Some types of coverage that can assist with risk mitigation for individuals and business are: –
• Medical Insurance
• Personal accident and Sickness Coverage
• Life Insurance
• Business Interruption
• Workmen’s compensation
• Event Cancellation
• Directors’ and Officers’ Liability
• Professional Liability
Contact us for further information on how you can provide for you and your loved ones in times of uncertainty.
