Coronavirus (COVID-19) is affecting the entire world, from local businesses to global enterprises. We offer insights, guidance and information to help you keep on top of what this worldwide outbreak means for your organisation.
The time to take action is now. Organisations must move from planning to response.
It is important to take a People-First approach by listening to employees' concerns to ease anxiety and preparing to amend policies and plans based on evolving advice from governments and health officials.
While most firms plan for emergency situations that impact business continuity, the COVID-19 pandemic has caught many off guard. Marsh has been helping clients prepare for and respond to the outbreak to protect their people, business operations, and reputation.
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?
As COVID-19 continues to affect how we all do business and interact socially, we want you to know that we’re here for you. Our priority is the safety and health of our clients, colleagues and communities.
Many construction sites could be forced to close or have their work slowed. It is vital that companies respond without delay to reduce the potential for significant consequences later on.
Millions of people who have never worked from home are now doing so because of the pandemic. A few small changes to their home work environments can help create more comfortable, safe, and productive telecommuting experiences.
In challenging times, when there may be customers unable to pay debts, it is crucial for companies to familiarise themselves with policy terms and conditions.
As the pandemic continues, risk professionals, with their insurance advisors, should review policy language, refresh their awareness of what is and is not covered, and act as necessary to ensure coverage will be triggered in the event of a loss.
The impact of the COVID-19 outbreak on supply chains will affect the cargo industry and could leave cargo owners and carriers less insured than they imagine.
Covid-19 Insurance Considerations. Ahead of an outbreak, risk professionals should understand the coverages they purchase and how each might be expected to respond to a pandemic.
The COVID-19 pandemic and efforts to contain its spread are disrupting economic activity - what are the implications for credit and surety insurance markets?
It is crucial that companies, directors and officers consider the potential management liability risks as they react to restrictions on operations and staff management brought by COVID-19.
The spread of coronavirus and its impact on global oil prices will have implications on the marine insurance market.
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?