Ireland Stapleton’s attorneys are closely monitoring the business implications caused by the Coronavirus and are working to provide you with information to help you protect youself, your employees, and your business in a rapildy evolving situation. To help our clients navigate this situation, we are centralizing all our COVID-19 materials here, and we will continue to update this resource page for you.
Starting on Friday, April 3, 2020, small businesses and sole proprietors can start applying for loans under the federal Paycheck Protection Program (PPP) through approved SBA lenders. Independent contractors and those who are self-employed can start the application process on April 10, 2020. Read more.
Please be aware that scams already are underway to defraud individuals slated to receive payments resulting from the passage of the CARES Act, the Coronavirus Aid, Relief, and Economic Security Act. Read more.
According to the Families First Coronavirus Response Act (“FFCRA”), starting April 1, 2020 certain employers must provide employees with emergency paid sick leave and emergency family and medical leave (“paid emergency leave benefits”). However, the FFCRA provides an exemption for small businesses when providing paid emergency leave benefits “would jeopardize the viability of the business as a going concern.” This weekend, the U.S. Department of Labor shed light on the small business exemption. This article summarizes the small business exemption and provides guidance on its application. Read more.
Many businesses carry insurance policies to mitigate financial losses in the event of business stoppages or slowdowns. Several types of policies may cover lost profits and costs when a business cannot continue normal operations. Whether business interruption insurance covers stoppages or slowdowns caused by COVID-19 will depend on the specific language of each policy and the unique facts of each claim. Read more.
The “Coronavirus Aid, Relief, and Economic Security Act” (the “CARES Act”) was signed into law on March 27, 2020. The 880-page CARES Act provides more than $2 trillion in federal aid to support business continuity for small businesses, increase unemployment benefits, provide immediate cash payments to individuals, boost public health spending, and provide federal stimulus to stabilize specific industries. Read more.
As you know from our prior alerts, the Families First Coronavirus Response Act (“Families First Act”), which provides Emergency Paid Sick Leave and Emergency Family Medical Leave for employees impacted by COVID-19, will go into effect on April 2, 2020. The Families First Act requires employers to post a notice of the two new emergency leave benefits in conspicuous places on the employer’s premises where such notices are customarily posted. Read more.
In a rare bipartisan effort to provide relief to Americans, Congress passed, and President Trump signed into law the Families First Coronavirus Response Act (“Act”) on March 18, 2020. The Act addresses many important issues related to the COVID-19 pandemic. Important to employers, the Act creates two new emergency leave benefits for families impacted by COVID-19. Michelle B. Fergsuon and Josephine B. Reid breakdown this Act for Colorado Special Districts. Read more.
On Friday, March 20, 2020, Governor Jared Polis, acting under emergency powers, issued an executive order that temporarily suspends certain alcohol beverage statutes, allowing on-premises restaurants, bars, and breweries and others to sell, deliver, and provide alcohol for takeout to customers who are over the age of 21 and who also purchase food. The Governor’s order is in effect from March 20, 2020 – April 18, 2020. Read more.
In a rare bipartisan effort to provide relief to Americans, Congress passed, and President Trump signed into law the Families First Coronavirus Response Act (“Act”) on March 18, 2020. The Act addresses many important issues related to the COVID-19 pandemic. Important to employers, the Act creates two new emergency leave benefits for families impacted by COVID-19. Read more.
On Wednesday, March 11, 2020, the Colorado Department of Labor and Employment (“CDLE”) issued the Colorado Health Emergency Leave with Pay Rule (“Colorado HELP”) that requires certain employers to provide paid sick leave for employees with flu-like symptoms and who are undergoing testing for COVID-19. The industries impacted are those employers engaged in the following fields: leisure and hospitality; food services; child care; education; home health care (working with elderly, disabled, ill, or otherwise high-risk individuals); operating a nursing home or operating a community living facility. Read more.
Like you, we here at Ireland Stapleton are closely monitoring the rapidly developing situation with COVID-19. It goes without saying that our priority during this uncharted time is the health, safety, and well-being of our team and their families, our clients, our colleagues, and our communities. Read more.