Posted on
May 21, 2020
in
Insurance,
News
Ohio now defines “necessary suspension” to require complete shutdown of all business activities to trigger lost business income coverage. Hastings Mut. Ins. Co. v. Mengel Dairy Farms, LLC, U.S.D.C., N.D., Case No. 5:19CV1728. In a case of first impression in Ohio, with potentially wide application to COVID-19 business interruption claims, Weston Hurd’s Randy Taylor and Ron Rispo secured a favorable ruling regarding […]
On May 15, 2020, the U.S. Small Business Administration (SBA) announced its long-awaited forgiveness rules through the release of the PPP Loan Forgiveness Application. The application and accompanying instructions specify how loan recipients can apply for PPP loan forgiveness and allow companies to complete the detailed calculations to determine forgiveness amounts. The 11-page application package summarizes eligible and […]
On April 24, 2020, President Trump signed into law the Paycheck Protection Program and Health Care Enhancement Act. In relevant part, this Act increases by $310 billion the funds appropriated for the PPP established on March 27, 2020, by the CARES Act. The Small Business Administration (SBA) has announced that new loans under this second tranche of […]
Posted on
April 24, 2020
in
Automotive/Transportation,
News
In these difficult times, many stores have taken different courses of action regarding their hours and employees. In most instances, the vast majority of dealerships have kept stores open with a limited sales staff, but an almost fully staffed service and parts department. Obviously, these circumstances change daily depending on the spread of COVID-19. I […]
We are pleased to announce the latest edition of Weston Hurd’s Architects & Engineers Newsletter is now available. The Spring 2020 newsletter contains the following articles: Operating an A/E Firm Under Ohio’s Stay-At-Home Order; Have An Unsigned Proposal-Now What?; and What is Meant by Waiver of “Consequential Damages”? Should you have any questions, feel free to contact […]
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 […]
Posted on
March 26, 2020
in
Business,
News,
Nonprofit
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 […]
Posted on
March 24, 2020
in
Business,
Employment,
Employment,
News
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. […]
