COVID Lege TREND. Insurance for Business Losses.

Where:  New Jersey

What: A3844 (2020 | NJ)

How does it work?

• require insurers to cover claims for business interruption caused by the coronavirus
• if the companies:
  • have less than 100 employees
  • had such coverage in place on or before March 9, 2020
• Insurers would apply to the Commissioner for Banking and Insurance for reimbursement
• Reimbursement funds would be covered via funds collected from companies, other than providers of life and health insurance.