COVID-19 continues to spread globally, presenting unprecedented risks to people, businesses, and economies. The virus generally causes symptoms similar to a cold or flu; in some cases, it has proven fatal. Organizations must prepare to respond to and recover from a range of impacts to their people, operations, and business as any delay could mean significant consequences later.
Throughout this hub you will find thought leadership, expert views, links to government and NGO sites, and solutions and strategies that you can apply as you navigate the challenges posed by COVID-19.
Pandemic Preparedness and Response
Recent disease outbreaks, such as COVID-19, the Zika virus, Ebola (Zaire strain), and Middle East Respiratory Syndrome (MERS-CoV), bring to light a critical threat that should be proactively addressed. They underscore the importance of effective outbreak, epidemic, and pandemic planning and response to minimize and mitigate employee and operational risk and reduce social and economic disruptions. Planning and response must include financial and business resilience measures and the ability to quickly react and adjust to changing scenarios.
Key questions to ask:
- Do you know what needs to be done now to protect your people and business interests?
- Do you know how your organisation might be impacted in the near and medium term?
- Do you have confidence in your plans to be able to respond and quickly recover?
- How long can your people and systems cope under these extraordinary circumstances?
- Does your insurance provide any cover for this crisis?
US organizations are implementing policies to protect employees amid the coronavirus outbreak. Employers must also review workers’ compensation insurance policies as part of preparations.Read more
In the face of this risk, it’s important that businesses take steps to plan for and protect against the potential implications for revenues, operations, customers, vendors and, especially, employees.Read more
The novel COVID-19 and other disease outbreaks pose social and economic risks that businesses can address through appropriate risk transfer and mitigation strategies.Read more
The COVID-19 outbreak and efforts to contain its spread are disrupting economic activity - what are the implications for the trade credit and surety insurance markets?Read more
The spread of COVID-19 and its impact on global oil prices will have implications on the marine insurance market.Read more
Businesses must be mindful of the potential liability claims that could result from corporate and human resources policies adopted amid the COVID-19 outbreak.Read more