Coalition proposes Recovery Fund to help businesses during COVID-19

A coalition has proposed legislation to help businesses that have limited business interruption coverage as they begin to reopen after COVID-19 shutdowns. (Photo: Shutterstock)

The National Association of Professional Insurance Agents (PIA National) has helped develop a proposal for a new recovery fund for businesses hit hard by the coronavirus pandemic.

The spread of the novel COVID-19 virus has wreaked havoc on ordinary life and devastated businesses. Independent insurance agencies play a particularly important role in delivering insurance products to commercial businesses, large and small, throughout the U.S. During this difficult time, agents have again stepped up, as they always do during a crisis, to offer as much help as they can to their clients.