CALL TO ACTION: Ohio Business Interruption Insurance Legislation
Ohio AGD Members:

We need your help! The Ohio Legislature recently introduced a bill that if passed, would immensely support small businesses experiencing hardship from COVID-19. We are asking you to send a message to your state representatives through the link below, urging them to co-sponsor and support HB 589.  Please read on for more information.

Ohio State Representatives Jeffrey Crossman and John Rogers recently introduced HB 589 relating to business interruption insurance coverage during the COVID-19 emergency. Commercial insurance policies cover loss or damage to property, which includes the loss of use and occupancy and business interruption. However, these policies specifically exclude coverage if the damages are the result of a global virus transmission or pandemic. This legislation requires any such policy to include coverage for business interruption due to global virus transmission or pandemics as of March 9, 2020 – the date Ohio declared a State of Emergency by Executive Order. Therefore, policyholders shall be indemnified by their insurers for any loss of business or business interruption that was a result of COVID-19, subject to the limits under the policy.

Many dental practices are facing severe financial adversity in an attempt to cover overhead costs with no regular flow of income. The majority of dentists are only providing emergency procedures, putting themselves and their staff at risk, but mitigating the chance of dental emergent patients arriving at overwhelmed hospital ERs and urgent care centers. As states begin to ease restrictions and dentists return to providing non-emergent care, practices will be tasked with navigating their businesses back to fully functional through unknown circumstances.

Congress’ move to replenish small business loan funds for the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) was crucial, and their efforts are appreciated. Unfortunately, we recognize there is still not enough funding to support all of the country’s small businesses experiencing hardship, and these loans are not feasible options for all dental practices.

Though there is much uncertainty, Ohio has the opportunity to advance this legislation and hold insurers accountable. It is crucial state legislators take action to help the many small businesses in their communities stay afloat.

To take action, enter your information through our platform on this page and send a message to your state representatives. By doing so, you are advocating for dentistry and all small businesses in the state of Ohio.

Oh behalf of the Ohio AGD, we thank you for your dedication and support of our efforts.
 
 
Sincerely,
 
David Schlosser, DDS, MAGD
President
Ohio AGD
dschlosser@neo.rr.com
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