Business Resiliency

As developments continue to unfold in response to the spread of COVID-19, we know many small businesses have questions about implications in the workplace and funding options to help bolster their businesses during this difficult time. On this page, we are compiling relevant tips and resources on business resiliency.

Tax and liability
New York

New York State Department of Financial Services

Business Interruption Coverage Information

Your broker should be able explain your coverage benefits. The issuer of your policy or its agent should be able to do the same. Any of them may have a website that explains your business interruption benefits. Business Interruption Coverage Your business interruption insurance policy should list or describe the types of events it covers. Events that are not listed on, or not described in, the policy are typically not covered. It is important to review the policy exclusions, coverage limits, and applicable deductibles.

Audience: Small Business Owners
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Tax and liability
Missouri

Missouri Department of Insurance

Missouri Department of Commerce and Insurance

Businesses across Missouri have been impacted by closures and losses related to the COVID-19 public health crisis. One common question is the extent to which insurance may cover any losses businesses experience as a result of COVID-19. In order to help address questions related to business interruption insurance coverage

Audience: Small Business Owners
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Staying safe
National

Occupational Safety and Health Administration - OSHA

Covid-19 Safety and Health Topics form OSHA

Provides information for workers and employers about the evolving coronavirus pandemic. The information includes links to interim guidance and other resources for preventing exposures to, and infection with, the novel coronavirus.

Audience: Small Business Owners, Employees, Self-employed, Non-profits
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Financial planning
National

Brady Martz & Associates

Cash Flow Analysis

We are here to help you in this unprecedented time by providing you the essential understanding to handle the economic impact of these trying times. Please contact any of our following team members to discuss the challenges you are facing. We are ready to assist you.

Audience: Small Business Owners
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Staying safe
National

National Safety Council

Health and Safety Resources for Employers from NSC

This space is dedicated to COVID-19 health and safety resources created by the National Safety Council and its partner organizations.

Audience: Small Business Owners
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Financial planning
National

Lendio

Building a Cash Reserve for Your Business

The COVID-19 pandemic has highlighted the importance of saving money for a rainy day. While thousands of small businesses closed permanently in the spring of 2020, the ones that had cash reserves on hand for emergencies fared much better—especially considering the hurdles and delays that came with government aid like the Paycheck Protection Program. It shouldn’t have taken a global pandemic for small businesses to see the value of having a cash reserve, but nonetheless, many owners are now more aware of the importance of financial stability.

Audience: Small Business Owners
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Pivoting your business
National

Worth

Pivoting Your Small Business Model to Survive the COVID-19 Crisis

The world is changing rapidly, but (flexible) planning is still important. Small business owners should be engaging in strategic planning that weighs different business and economic scenarios over the next two weeks, two months and six months. Since this pandemic emerged, it has changed our social and economic world on a daily basis.

Audience: Small Business Owners
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Pivoting your business
National

Business.com

Pivoting Your Business in Response to COVID-19

All good pivots start with great questions. There are three business model aspects you should explore when deciding on potential pivots.

  • Value proposition: What value do you deliver with your product or service?
  • Value networks: How do you deliver and monetize your product or service?
  • Target customers: Who receives and benefits from what you provide?

Audience: Small Business Owners, Non-profits
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Pivoting your business
National

Pursuit

How Businesses are Pivoting

Don’t hesitate to call everyone you owe money to. Be honest and upfront. Ask your lender for a deferment or your landlord for a temporary hold on lease payments. Call your vendors. Ask them to be more flexible in their payment terms. Don’t carry this burden alone. Be honest with your employees and let them know what you’re going through. Tell them you’re fighting every day and have a plan to get through this.

Audience: Small Business Owners
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Pivoting your business
National

Gannett Co., Inc

Shifting the Business to a New Strategy

Things to consider: Altering the process to deliver your product or service, changing how revenue is generated, developing a new product or product line and targeting different market segments.

Audience: Small Business Owners
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