Knowledge and Insights: Newsletters
I’m Self-Employed, How Will the Paycheck Protection Program Help Me?
The Paycheck Protection Program (PPP) is a potentially forgivable loan designed to support small businesses (in operation as of February 15, 2020) with immediate cash during the worst of the COVID-19 crisis. The U.S. Small Business Administration (SBA) will forgive loans if employees are kept on the payroll for eight weeks and the money is…
Preventing Business Exploitation In A State Of Vulnerability
As the days go by, business owners and individuals are receiving volumes of information on how to survive the COVID-19 pandemic. Channels of communication include news media outlets, advertisements, telephone calls, emails and text messages. A worldwide pandemic mixed with an ounce of fear and vulnerability gives fraudsters a recipe for exploitation. Given the amount…
Cares Act Provider Relief Fund for Healthcare Organizations
On March 27, 2020, the President signed the bipartisan CARES Act that provides $100 billion in relief funds to hospitals and other healthcare providers on the front lines of the coronavirus response. This funding will be used to support healthcare-related expenses or lost revenue attributable to COVID-19, and to ensure uninsured Americans can get testing…
Staying Connected While Social Distancing
During the COVID-19 crisis, most organizations moved to social distancing and a remote working environment, connecting virtually through amazing technologies. However, the need to communicate with your network and provide value to your clients has become even more important and impactful in challenging times. As COVID-19 continues to disrupt professional and personal lives, how you…
Your Estate Documents Amid the COVID-19 Crisis
OK so, a couple weeks of quarantine down, you’ve caught up on all the shows/movies you’ve been wanting to see, cleaned out that junk drawer, read a book, now you’re bored – and from everything we’re hearing all or most of April will be seen from inside our homes as well. I bet you haven’t…
Business Interruption Claims Assistance – How We Can Help
Organizations are experiencing disruption like never before as a result of the COVID-19 pandemic, and there is a lot of uncertainty surrounding what insurance will cover, what assistance is available and how to recover losses from an unprecedented event like this. As a business owner or executive, you may be asking yourself: What is my…
The Interim Final Rule from the SBA
Many of you have reached out to us over the last few days in connection with determining the CARES ACT loans and other options available to you and your business. In reference to the Paycheck Protection Program (PPP), there has been a lack of clear guidance about payroll costs eligible towards calculating your loan amount…
Navigating Through Business Interruption
Business owners in our region have proven to be resilient over the years, especially when disaster strikes or other challenging circumstances arise. Some business owners obtain business income insurance coverage to protect against temporary or even permanent interruptions in their operations due to unforeseen events such as natural disasters, floods, fires, etc. Business income coverage…
Force Majeure Considerations Relating to COVID-19
While business owners attempt to find creative ways to protect their assets and operate during the Coronavirus (COVID-19) pandemic, one term that keeps creeping into conversation as it relates to contracts and leases is force majeure. Force majeure is a French phrase meaning a superior force. Sometimes referred to as an “act of God,” force…
Small Business Forgivable Loan Program Under the CARES Act & Other Relief
The Senate and House have passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act which is a stimulus package for the nation and includes several important opportunities for small businesses to receive assistance. The law was signed by the President on Friday, March 27, 2020. In this legislation, there are several relief programs for…