Business Impacts of the US Government Shutdown
The ongoing US government shutdown, now the longest in the country’s history, is leading to challenges and increasing risks for businesses across multiple industries. The longer the shutdown — which started on December 22, 2018 — lasts, the more severe the impacts are expected to become.
While some government functions remain operational, the partial closure is causing increasing unease among the business community, especially since there is no indication of when the current situation will be resolved and all departments will return to normal operations.
In a special briefing, US Government Shutdown: Key Risk and Insurance Considerations, we share our views on the implications of the ongoing closure on different risk areas and industries and how insurance coverage is likely to respond to losses.
Since this is not the first time the US government has partially closed, it is likely that similar instances will occur even once the current shutdown is over. The briefing shares a number of recommendations that organizations should consider to prepare for a future event.