The Business Continuity Coalition (BCC) represents a broad range of business insurance policyholders – large and small – from across the American economy, employing millions of people. The BCC is working constructively with policymakers and other U.S. stakeholders to develop an insurance program that protects jobs by ensuring business continuity from future economic losses from this, or any pandemic, and other emergencies necessitating widespread closures of the economy.
Due to the government-mandated shutdowns of non-essential businesses and related shelter-in-place directives as a result of the COVID-19 crisis, economic activity in the U.S. has been severely disrupted to an unprecedented degree.
Representing a wide range of organizations and industries throughout the U.S. business community, the goal of the BCC is to protect American jobs and to ensure a sustainable and speedy economic recovery from current and future pandemics and government-ordered shutdowns in response to other phenomena.
The Coalition supports putting a Federal business continuity program in place to save jobs and prepare the U.S. economy for government-mandated business closures. Such a program, properly structured, should address sector-specific issues that may continue to develop as a result of the current pandemic, and as a result of future pandemics or other events forcing a temporary closure of the economy.
The BCC is committed to achieving this goal by working with Congress, the Administration, and other stakeholders to achieve a workable Federal program that enhances and strengthens economic recovery in such circumstances.
Carolyn B. Maloney (D-NY)
“Congress needs to be proactive in helping businesses protect themselves from economic losses as a result of pandemics, which, as we’ve seen, can be devastating to businesses of all sizes.”
Steve Stivers (R-OH)
"I think we need to make sure that if this ever happens again and the government shuts down the economy, [Congress] holds people harmless and businesses harmless in the future.
A solution is important to the future of our economy and our economic vitality.
We’ve seen business interruption insurance not being willing to cover any pandemics. I think you’re going to start to see lenders … requiring some type of pandemic coverage in their loan covenants in the coming years.”