"At a time when millions of small businesses are struggling to stay afloat, the unemployment rate is at levels not seen since the depression, and our health care workers are on the front lines battling the spread of this virus, we must all do our part to fight this health and economic crisis," said Chairman Crow. "Therefore, it is incumbent upon
As stay at home orders cripple the revenues of many small businesses, firms across the country have turned to their business interruption policies as a potential avenue for relief. However, these claims have largely been rejected due to the fact that most policies don't explicitly cover viral pandemics. The hearing allowed members to hear from impacted policyholders and examine legislative solutions.
"Between my two stores, my sales loss since the closure has been north of
"Prior to the COVID crisis, we had purchased three policies that could provide coverage to us in the event of any cessation of our business operation of the kind we are currently experiencing," said Mr.
"We're searching and trying to find ways to get through this," said
"If you are an American worker, chances are you work for a business that has taken out some of its profit every year and paid it to an insurance company for payroll expenses during a civil authority shutdown," said
Full video from the forum can be found here (https://urldefense.proofpoint.com/v2/url?u=https-3A__house.us3.list-2Dmanage.com_track_click-3Fu-3Dc9d0136e4695cc981b3869eaa-26id-3D698395aa69-26e-3Dc598ffaa61&d=DwMFaQ&c=L93KkjKsAC98uTvC4KvQDdTDRzAeWDDRmG6S3YXllH0&r=rwXfni9hJ8gwm7ySFCVPFrFtlzHFoRSa6hWns-YNgj8&m=xn470wIO2Bbp4X4o5BOg80MCgUMmxaKLCDxA1k7XxIA&s=269ZOt1ET_uaAka-sbKPcryBekvGUG9zKmPJp3W8gzI&e=).