During an infectious disease outbreak, the main emphasis should be on containing and mitigating the disease itself. However, the economic effects are significant and many companies are overwhelmed as they work to understand, react to and learn lessons from the rapidly unfolding events involving COVID-19.
Given the very different degrees of preparedness across companies, the potential for further disruption and the value of being better prepared for future crises, it is important that employers focus on steps that protect employees, ensure business continuity and provide uninterrupted service to their customers. Preparation is the key and the World Health Organization suggests four key areas of focus:
In addition, here are some actions you can take to support your employees and make preparations to support business continuity:
It appears that people who are the most infectious are those who are currently ill. However, there is evidence to indicate asymptomatic transmission. For those with the illness, the CDC recommendation is isolation until two negative tests are done, 24 hours apart. There is currently no vaccine for this disease, but it will likely be available within 18 months. Being up to date on other vaccines, such as the flu, promotes good overall health and prevents undue pressure on the overall health system. The CDC indicates that the elderly and those with compromised immune systems could be the most vulnerable.
We should expect that the COVID-19 crisis will change our businesses and society in important ways. Events are unfolding with astounding speed and the picture changes on a daily basis. As a result, be sure to update your intelligence frequently and use experts and forecasts carefully. A pandemic has been declared but together, with responsible actions, we can change the course.
Additional Articles from our Website
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Staying The Course
External COVID-19 Resources
Last Reviewed 6/1/2022
This information has been provided as an informational resource for RPAG clients and business partners. It is intended to provide general guidance, and is not intended to address specific risk scenarios. Regarding insurance coverage questions, each specific policy must be reviewed in its entirety to determine the extent, if any, of coverage available for the impact of the Coronavirus. If you have questions, please reach out to your RPAG contact. ACR#345026 03/20
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