Small Business Tele Townhall - hosted by Insurance Commissioner Ricardo Lara
The recording will be available through Friday, April 24th
Access Number: (866) 207-1041
Access Code: 4385156
The following business experts addressed issues faced by California's Small Businesses:
On Monday, April 13th the Insurance Commissioner ordered insurance companies to return premiums to businesses and drivers affected by the COVID-19 pandemic.
This order covers at least six lines of insurance where the risk of loss has fallen as a result of the pandemic:
This could be in the form of a premium credit, reduction, return of premium, or other adjustment that gets funds back to you or reduces what you owe in the future. A business would likely receive a percentage of premium paid for March and April. The Commissioner’s order would extend to May if shelter in place rules remain in effect.
If you need assistance with your insurance claim, please contact the Department of Insurance at: (800) 927-4357 or www.insurance.ca.gov. MORE INFO
The recording will be available through Friday, April 24th
Access Number: (866) 207-1041
Access Code: 4385156
The following business experts addressed issues faced by California's Small Businesses:
- Mark Herbert, Vice President of California for Small Business Majority
- Isabel Guzman, Director of the Office of the Small Business Advocate at GO-Biz
- Kevin Wynne, Public Information Officer for the U.S. Small Business Administration
- Ben Raju, Deputy District Director for the U.S. Small Business Administration
On Monday, April 13th the Insurance Commissioner ordered insurance companies to return premiums to businesses and drivers affected by the COVID-19 pandemic.
This order covers at least six lines of insurance where the risk of loss has fallen as a result of the pandemic:
- Private passenger automobile insurance
- Commercial automobile insurance
- Workers’ compensation insurance
- Commercial multiple peril insurance
- Commercial liability insurance
- Medical malpractice insurance
- And any other line of coverage where the measures of risk have fallen as a result of the pandemic.
This could be in the form of a premium credit, reduction, return of premium, or other adjustment that gets funds back to you or reduces what you owe in the future. A business would likely receive a percentage of premium paid for March and April. The Commissioner’s order would extend to May if shelter in place rules remain in effect.
If you need assistance with your insurance claim, please contact the Department of Insurance at: (800) 927-4357 or www.insurance.ca.gov. MORE INFO
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