James Allen Insurance, a national insurance solutions provider, has announced a comprehensive pandemic policy for business enterprises to protect themselves in the event of an outbreak. The policy is designed to cover added out-of-pocket expenses as well as lost revenue associated with the outbreak of disease.
“Pandemic outbreaks are highly contagious viral infections, and their potential impact on the global economy can be devastating, as is being seen today with the COVID-19 outbreak,” said Tim Craig, chief executive officer of James Allen Insurance. “In addition, once a disease like COVID-19 reaches pandemic levels, vaccines are nonexistent, which makes them even more crippling to businesses and organizations across the globe. Unfortunately, no industry is safe from the effects of a pandemic outbreak.”
While James Allen has other policies that cover aspects of a pandemic outbreak, Craig said the company saw an opportunity to create coverage for all aspects that could affect an organization.
“I encourage everyone to review their current policies and ensure they have the appropriate amount of coverage given the current climate with COVID-19. A vaccine is months away, so further disruption to the global economy seems inevitable,” he said.
Indiana restaurateur Jeremiah Hamman said, “We are still at the early stages of this outbreak, and we’re already seeing the effects of businesses across the globe. Ours is no exception.”
He continued, “Having a safety net that will cover loss revenue due to customer decline is a relief.”