Race to open….kind of

April 20, 2020

A few states have provided guidance on how they will be reopening their economies.  In Pennsylvania, Governor Wolf set May 8th as a target date for regional reopening, but did not provide many details as to what that meant.  In New York, New Jersey and Connecticut, the Governors are talking about lifting the lock down provisions in June.  Georgia and Tennessee have both decided to lift the stay at home orders on April 30th.  Like anything else, I think once the economies get rolling, it will hopefully be tough to stop.

In other news, it looks like a $470B Phase 3.5 stimulus package is close to being finalized.  Stay tuned…this will only get more interesting.

A few things that I think may be relevant or important for you to know:

  • NCCI Waives Workers Comp Premium Payment – The National Council on Compensation Insurance (NCCI) announced today that it waived the payment of WC premiums for businesses that are still paying employees who are not working.  This decision will be filed with the regulators of the 36 States that follow NCCI guidelines.  Thanks to Rudy Kocman of Kocman Insurance Group ( for sharing.
  • Bankruptcy – Not the preferred option, but something to understand:  Under the CARES Act,  the debt limit to qualify to be a debtor has been increased to $7,500,000 for the next year, up from $2,725,625.   Moreover, small businesses can go through reorganization in Chapter 11 within months (instead of years), with it costing much less.  Please check out the attached overviews for debtors and creditors from Rob Bovarnick (, a seasoned business and bankruptcy attorney.
  • Upcoming Webinars and Helpful Resources

Please see all of our prior updates at the this link.  

As always, please don’t hesitate to email myself, Andy Miller (, Christian Miller ( or anyone in our office with questions or comments.  


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