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Monthly News For March, 2020

Senate Passes Keeping American Workers Paid and Employed Act as Part of Coronavirus Response

Senate Passes Keeping American Workers Paid and Employed Act as Part of Coronavirus Response

Late last evening, in a bold response to the crisis currently facing our country, the Senate passed the nearly $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act. This bill, known as Phase 3, is extremely beneficial for small business of all sizes and includes unique provisions to help provide liquidity and to help businesses […]

COVID-19 Economic Injury Disaster Loans Available for Certain Non-Profit Organizations, as well as For-Profit Businesses

Posted on in Business, News, Nonprofit
COVID-19 Economic Injury Disaster Loans Available for Certain Non-Profit Organizations, as well as For-Profit Businesses

Because of the COVID-19 pandemic, the U.S. Small Business Administration (“SBA”) now offers a program of economic injury disaster loans to private non-profits, as well as for-profit businesses that have suffered substantial economic injury as a result of the COVID-19 pandemic. Generally, substantial economic injury means the private non-profit or business is unable to meet its obligations […]

Coronavirus Employment FAQs

Posted on in Business, Employment, Employment, News
Coronavirus Employment FAQs

Employers and employees are trying to figure out how the new emergency laws and statewide orders apply to their situation. Here are some frequently asked questions. Presently, Ohio is under a statewide stay-at-home order unless you are an essential business. These questions apply to employees who are working. This means essential employees of essential businesses. […]

CORONAVIRUS, PROJECT INTERRUPTION, AND CONTRACTUAL OBLIGATIONS

Posted on in Architects and Engineers, News
CORONAVIRUS, PROJECT INTERRUPTION, AND CONTRACTUAL OBLIGATIONS

Yesterday Ohio Governor Mike DeWine announced that a Stay-at-Home Order executed by the Director of Ohio Department of Health Dr. Amy Acton shall become effective at 11:59 p.m. on March 23, 2020. Under the Order, all non-essential business and operations must cease all activities except for minimum basic operations. Essential businesses are encouraged to remain […]

BUSINESS INTERRUPTION COVERAGE – INSURANCE INDUSTRY AND LAWMAKERS WEIGH IN

BUSINESS INTERRUPTION COVERAGE – INSURANCE INDUSTRY AND LAWMAKERS WEIGH IN

In a letter dated Wednesday March 18, 2020, a bipartisan group of U.S. Congressional lawmakers urged four major insurance trade organizations “to make financial losses related to COVID 19 and other infectious disease-related losses part of their commercial business interruption coverage for policy holders.” The lawmakers advised that the “shelter-in-place” orders that have been issued […]

COVID-19 and Force Majeure

COVID-19 and Force Majeure

Unforeseeable circumstances – such as the outbreak of coronavirus (“COVID-19”) – that prevent a party from fulfilling its contractual duties may fall under the force majeure clause of that contract. However, a great deal depends on the nature of the event and its impact on the specific contract and its performance by the parties.  The […]

BUSINESS INTERRUPTION COVERAGE AND THE CORONAVIRUS

Posted on in Insurance, News
BUSINESS INTERRUPTION COVERAGE AND THE CORONAVIRUS

In a matter of weeks, Governmental action, in Ohio, and a growing number of states, due to the Coronavirus pandemic, has already resulted in governmentally mandated closures of bars, restaurants, schools, hair salons, barber shops, tattoo parlors, spas, gyms and movie theaters, etc.  The list is lengthy and grows by the day.  Ohio’s Governor, Mike […]