How We're Helping Our Insureds Amidst COVID-19
We know it is difficult. We have all been forced to make adjustments, sometimes daily, and there are insurmountable obstacles in keeping revenues up and receivables collected.
A lot of thought and consideration has been undertaken to come up with ways to help our insureds get through this difficult time. On one hand lawyers are fortunate to be able to work at home, but on the other it is difficult to carry out some of the work if the courthouse is not open, no in-person mediation, and if clients stop paying out of their fear for needed cashflow. We are aware of these struggles and face a few issues ourselves, not the least of which is the diminished market value of our equity portfolio, even if hopefully on a temporary basis.
We are not finished thinking outside the box, but at this time we want to make you aware of a couple of efforts on our part that will help your cashflow and the ultimate cost of your coverage.
We will continue providing several reminder notices regarding payment due dates. Please also communicate with us regarding your needs so we can continue our mutually beneficial relationship.