More Pandemic Insurance Legislation Filed in US House

US Representative Carolyn Maloney, who represents most of East Manhattan along with parts of Brooklyn and Queens in New York City, this week officially filed the latest insurance-targeted legislation relating business interruption insurance. The Pandemic Risk Insurance Act (PRIA) would provide for business interruption insurance coverage going forward and protect businesses in the event of…

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Miscellaneous

A new report has been made available by Cole Market Research focusing on the global coffee market as the COVID-19 pandemic is said to have created an unfavorable impact with production, exports and imports of coffee and related products significantly reduced. Similarly, a Reuters story run earlier this month highlighted potential problems with the arabica…

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SBA Releases PPP Forgiveness Form

Last Friday, the Small Business Administration (SBA) released the Paycheck Protection Program loan forgiveness application form along with instructions for completing it and applying for loan forgiveness. The application consists of four parts: the PPP Loan Forgiveness Calculator, the PPP Schedule A, the PPP Schedule A Worksheet and the Borrower Demographic Information Form. The documents…

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Effort to Amend PPP Provisions in CARES Act

Notwithstanding the above and other requirements of the Paycheck Protection Program, a serious effort is now underway in Washington to amend some of the provisions of the CARES Act. Specifically, the Coalition of Franchisee Associations (CFA) and other business allies in the Nation’s Capital are working to better educate Congress on the needs of the…

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OSHA Expands Inspections & COVID-19 Reporting

On Tuesday of this week, the Occupational Safety and Health Administration (OSHA) announced a new policy regarding inspections and enforcement during the coronavirus pandemic as well as the obligation of employers to record COVID-19 cases within their workforce. Beginning Monday, May 26, the agency will begin to resume the usual level of in-person inspections of…

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DOL, IRS Extend COBRA Deadlines

The US Department of Labor (DOL) and the Internal Revenue Service (IRS) earlier this month issued a Joint Rule extending certain time frames for group health plans and other welfare and pension plans. In accordance with this latest Rule, plans must disregard the period from March 1, 2020 until 60 days after the announced end…

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Re-opening Phases and Cautions

As more states and locales around the country begin to re-open their economies or announce plans to do so, it is important that all businesses are aware not only of best practices, but some of the concerns on the flip side of that coin as well. As a case in point, the federal government, and…

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CDC Releases Reopening Guidance

In that same vein, the Centers for Disease Control (CDC) last week released reopening guidelines broken down for specific industries – including restaurants. The 60-page guidance “Opening America Up Again”, which is available here as a pdf for download, includes instruction on how to scale-up operations, sanitation practices, social distancing procedures, health monitoring guidelines and…

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Targeting the Golden Arches Over Time

A class action lawsuit was filed this week in Chicago against McDonalds alleging the company hasn’t acted sufficiently to protect its employees in the face of the coronavirus pandemic. If you take the longer view, you can see the allies lining up and checking the requisite boxes over the past few months to initiate such…

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SBA Finalizes Further Guidance

On Wednesday of this week, the Small Business Administration (SBA) posted its latest guidance/clarification on the Paycheck Protection Program (PPP). The guidance was provided as Question 46 in the Department of the Treasury Q&A relating the PPP.  You may recall as we advised you last week, the then-prevailing guidance stated that borrowers would have to…

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