Embroker Team October 20, 2022 1 min read

Market Responses to NYDFS Requirement to Issue Guidance on Insurance Coverage

Business owners investingating how to get a loan to open a dispensary

In response to the coronavirus COVID-19 pandemic and ensuing crisis, the New York Department of Financial Services (NYDFS) is issuing guidance “to urge all regulated entities to do their part to alleviate the adverse impact caused by COVID-19 on those consumers and small businesses that can demonstrate financial hardship caused by COVID-19.”

Below is a list of insurance carrier responses to the current situation. We will include links to both NYDFS-specific responses and general coverage and COVID-19 support as they become available.

AmTrust

NYDFS-specific response
General support

Chubb

NYDFS-specific response
General support

CNA

NYDFS-specific response
General support

Hartford

NYDFS-specific response
General support

Hanover

NYDFS-specific response
General support

Hiscox

NYDFS-specific response
General support

Lloyds

NYDFS-specific response
General support

Markel

NYDFS-specific response
General support

OneBeacon

NYDFS-specific response
General support

Philadelphia

NYDFS-specific response
General support

Travelers

NYDFS-specific response
General support

XL Catlin

NYDFS-specific response
General support

Kinsale

NYDFS-specific response
General support (not available)

Related Articles

The 3 Elements of Cybersecurity: You Need Them All

The 3 Elements of Cybersecurity: You Need Them All

7 min read

There are 3 elements of cybersecurity. If you’re missing any one of them, you could be making yourself an easy target for data thieves and likely purchasing a one-way ticket to a world of hurt. You might be wondering if this is something you really need to worry about. Well, Embroker asked business owners that exact […]

Read More
How to Find an Insurance Broker for Your Business

How to Find an Insurance Broker for Your Business

8 min read

We all know insurance is important for protecting businesses against risks, especially in these uncertain times. But the notion of researching and comparing insurance options can seem like a lot. That’s why many business owners turn to brokers to help with their insurance needs. But, how to find an insurance broker for a business? That […]

Read More