What You Can Do Today: April 20

April 20, 2020

Resources and LP's response to COVID-19.

 

Even among this disruption, there are a few things you can do today to help prepare you, your family and your business for the uncertain future.

 

  1. Know how the CARES Act impacts your benefit plans. The CARES Act relaxes various rules applicable to employee benefit plans and enhances others to give greater access to benefits and more flexibility for individuals directly affected by COVID-19. Look at your retirement and health and welfare plans to understand your options and coverage.

 

  1. Prepare your property/building for re-opening. There are reviews and assessments you should conduct now to prepare your property or building for re-opening in a safe and timely manner. Make sure you review the access points and high-density areas in your property/building as well as your equipment, supplies and cleaning plans.

 

  1. Formalize your commission agreements. Do you have a formalized contract with your sales rep? If you don’t, and a dispute arises with a sales rep, your lawsuit just became far more expensive. There are things you need to include in every agreement.

 

 

For more resources and LP's response to COVID-19, visit this webpage.

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