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Glasses on top of an insurance policy. If carriers are forced to pay the majority of business interruption losses related to COVID-19, the effects would be devastating and likely cripple or bankrupt one of the most important industries in the world. (Photo: iStockphoto)

The COVID-19 pandemic is proving to be the most severe financial crisis we have seen in the last decade and possibly the most costly. This is a time for action and education. Now more than ever, insureds need to understand every business risk they face, take a deep dive into their insurance policies and understand that insurance is only one factor of risk management.

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