COVID-19: Resources Available to Aid Your Business

Sinclair Risk & Financial Management has been dedicated to providing you and your employees timely updates regarding the COVID-19 pandemic. This resource area provides you with a summary of the topics we have highlighted along with links to more detailed information.

If you have any specific questions or would like additional information, please contact a Sinclair Team Member or email us at helpline@srfm.com

Restart

How to Restart Your Business

As the coronavirus (COVID-19) pandemic continues to have an unprecedented effect on daily life, many business owners are looking forward to the future and a return to normalcy. However, even when stay-at-home orders are lifted and nonessential businesses are allowed to resume operations, there’s a lot for organizations to consider before they reopen their doors.

Click here to read considerations on reopening a business after the Coronavirus shutdown

Click here to review return to work plans following the COVID-19 pandemic

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Telecommuting

Telecommuting

Telecommuting is the term for working from a remote location. Workers are connected to employers and company servers via the internet and are able to communicate regularly in real time using email, instant messaging, webcams and conference calls. Whether and how a company implements a telecommuting program (either on a targeted or full-scale basis) is largely dependent on its employees, facilities and needs. With the increase in remote work during this COVID-19 outbreak, many organizations are particularly vulnerable to new data privacy and cybersecurity exposures. Now more than ever, even a minor incident can be devastating to a business. Regardless, the risks and benefits of instituting such a program must carefully be weighed.

Click here for resource materials addressing the rise of telecommuting, the pros and cons of instituting the practice in a workplace, and potential legal issues organizations that allow telecommuting may run into

Employee Work from Home Guide

Work from Home Ergonomic Tips

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Handle

How to Handle EEs Affected by COVID-19

As the COVID-19 pandemic continues to escalate, many employers are left wondering what they can do to protect their workforce, while limiting the spread of COVID-19. Employers are faced with navigating uncharted situations with guidance coming from federal, state and local entities. As more is understood about the coronavirus, the guidelines change on how to best protect your employees from spreading COVID-19.

Click here to find out how businesses should react if their employees are affected by COVID-19

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Osha

OSHA Considerations and COVID-19

The Occupational Safety and Health Administration recognized that due to this pandemic, there have been some unique challenges presented that they have had to address. The reprioritization of respirators has created a shortage for employers with essential employees. As a result OSHA has temporally relaxed their standards for use of respirators. Furthermore, OSHA has addressed the recordability of COVID-19.

Click here to view OSHA’s “Ten Steps All Workplaces Can Take to Reduce Risk of Exposure to Coronavirus”

Click here to view OSHA’s Enforcement of Respiratory Protection Standards During N95 Shortage

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Families First Coronavirus Recovery Act (FFCRA)

Families First Coronavirus Recovery Act (FFCRA)

The Families First Coronavirus Response Act (FFCRA) requires certain employers to provide their employees with paid sick leave or expanded family and medical leave for specified reasons related to COVID-19. These provisions apply from the effective date of April 1, 2020 through December 31, 2020. The FFCRA created two new emergency paid leave requirements in response to the COVID-19 global pandemic: Emergency Paid Sick Leave and Emergency FMLA Leave. Under the former, an employee may take up to 80 hours (two weeks) of Emergency Paid Sick Leave for COVID-19 qualifying reasons, and under the latter, an employee may take up to 12 weeks of Emergency FMLA Leave for COVID 19 child care related reasons. Covered employers qualify for dollar-for-dollar reimbursement through tax credits for all qualifying wages paid under the FFCRA; applicable tax credits also extend to amounts paid or incurred to maintain health insurance coverage.

Click here for more information on the FFCRA

FFCRA Tax Credits for Small and Midsize Businesses

DOL FAQs: Families First Coronavirus Response Act

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How Your Benefits Plan Can Help During the Coronavirus Pandemic?

How Your Benefits Plan Can Help During the Coronavirus Pandemic?

You and your employees pay a lot of money for your group benefits. Make sure you get the most out of your plan to assist your employees with their physical and mental well-being. Telemedicine is a great tool to communicate virtually with providers while Employee Assistance Programs grant access to mental health professionals.

Click here to learn more about Telemedicine

Click here to learn more about Employee Assistance Programs

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Stimulus Package

Stimulus Package

The COVID-19 Pandemic has put a major strain on every aspect of daily life. In response, the United States government has passed a historic stimulus package. This legislation provides direct payments to many Americans and expands unemployment insurance. In addition, it provides low-interest loans and tax credits for small businesses.

Click here to learn about the details of the COVID-19 Stimulus Package

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Essential Workers

Essential Workers

The workforce was strained greatly as shelter in place orders were implemented across the nation. As businesses stayed open and personal protective equipment was prioritized for medical personnel, there was a need for the Centers for Disease Control and Prevention (CDC) and individual states to issue protective measures for both critical and essential workers.

Click here to find out what steps you should take in responding to an employee’s positive coronavirus test

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Business Interruption Coverage

Business Interruption Coverage

The impact of COVID-19 on American businesses has increased dramatically over the last several weeks as state and local governments order mandatory shut-downs and ‘shelter in place’ orders. The likelihood of triggering Business Interruption coverage without a physical loss is going to be an uphill battle, but due to pending legislation in many states (Massachusetts, Ohio, New Jersey), rumors of pending legislation at the federal level, declaratory judgments being filed, and the possibility of future class action suits, there are now enough extraneous factors that it is prudent for many of our clients to file claims because of this uncertainty.

Please contact us directly to learn how we can help you navigate your business interruption options.

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Health Plans Must Provide Free Coronavirus (COVID-19) Testing

Health Plans Must Provide Free Coronavirus (COVID-19) Testing

Health plans and health insurance issuers must cover COVID-19 testing without any deductible, copayments or other cost sharing, effective March 18, 2020. This mandate applies to fully insured group health plans, self-insured group health plans and individual coverage.

Click here to see more detailed information on this mandate

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We know the COVID-19 outbreak continues to affect businesses in unprecedented ways, often leaving more questions than answers. As your trusted resource, we want to provide you with the most up-to-date information possible as quickly as it becomes available. Of course, if you have questions anytime, please don’t hesitate to contact us.