COVID-19 InfoHub

This page has been created as a resource and information hub for insurance brokerages navigating the COVID-19 crisis. It is updated daily, so bookmark it and check back often.
 
Last updated 9:40 a.m., May 25, 2020

IBAS Communications

Letter to the Premier Scott Moe: Insurance Relief Efforts in Saskatchewan During COVID-19 (May 4, 2020)

Letter to the Government of Saskatchewan: Proposal for Statutory Liability Immunity for Essential Services & Products (April 29, 2020)

Thank a Hero Thursdays (April 27, 2020)

Business Interruption Coverage (April 6, 2020)

Update from the CEO's Desk (April 2, 2020)

'Allowable Business' Designation & Carrier Bulletins (March 25, 2020)

The Essential Role of the Insurance Supply Chain (March 24, 2020)

Update on IBAS Member Issues Related to COVID-19 (March 21, 2020)

CE Requirements for Licensing (March 19, 2020)

IBAS Operations & Precautionary Measures Amidst the COVID-19 Pandemic (March 16, 2020)

2020 Saskatchewan Summit of Young Insurance Professionals Cancelled Due to COVID-19 Concerns (March 12, 2020)

Carrier Bulletins

IBAS has created a central repository for COVID-19-related bulletins issued by insurance companies represented in the province. Click here for access. Please note it is available to members only. If you have misplaced your username and password, or if you need to create one, contact Kyle Halvorson at kyle.halvorson@ibas.ca or (306) 525-4076.

Provincial Supports for Business

The Government of Saskatchewan has established a Business Response Team to assist companies in navigating the myriad of provincial and federal supports available. Representatives are available between 8 a.m. – 8 p.m. at supportforbusiness@gov.sk.ca or by calling 1-844-800-8688.

Re-Open Saskatchewan Plan
On April 23, the Government of Saskatchewan unveiled its five-phase strategy to gradually and methodically begin to loosen restrictions put in place due to COVID-19. 

COVID-19 Information Portal
This site has all the latest COVID-19 news and information from the Province, including updated statistics, public health measures, a self-assessment tool, and more.

Three-Month PST Deferral 
Saskatchewan businesses that are unable to remit their PST due to cash flow concerns will have three-month relief from penalty and interest charges. Requests must be made electronically.

Managing Staffing & Leave
This information will help you manage your HR requirements, work-sharing options, layoffs, and employee leave.

Crown Utility Bill Deferral
All Crown utilities have implemented programs allowing a zero-interest bill deferral for up to six months for Saskatchewan customers whose ability to make payments may be impacted by the COVID-19 restrictions.

Federal Supports for Business

The Government of Canada has created a dedicated page on its website to help businesses determine what COVID-19-related programs may be available. This information is being updated several times a day, so check back often. We also suggest you download the Canada Business App on your mobile device, which we've found to be a helpful resource. 

Here are a few of the supports that may be most applicable to brokerages:

Canada Emergency Wage Subsidy
This subsidy provides up to 75% of employee wages for up to 90 days, retroactive to March 15. The subsidy will be on the first $58,700 earned, which can result in a maximum of $847 per employee per week. There is no limit to the amount any one company can claim, but companies must be able to demonstrate a 30% reduction in revenue compared to the same month one year prior.

Work-Sharing Program Enhancements
This program is for eligible employers and their employees where the employer can demonstrate a recent decline in business activity of at least 10%, and a temporary decrease in employee hours of 10% – 60%. Temporary measures (effective through March 14, 2021) are available where the decrease is related to the impact of COVID-19. This provides EI benefits to eligible employees who agree to reduce their normal working hours and share the available work while the employer recovers.

Corporate Income Tax Return & Payment Deferral
Under this initiative, corporations with a tax return due date after March 18, 2020 and before June 1, 2020 can defer filing until June 1, 2020. Corporations, meanwhile, that owe income tax balances or installments on or after March 18, 2020 and before September 1, 2020 have until September 1, 2020 to remit these amounts. No penalties or interest will apply to any tax returns filed or payments made on or before the extended due dates.

Canada Emergency Business Account
Small businesses with 2019 payrolls of at least $50,000 and up to $1 million may apply for this program to help cover operating costs. The CEBA provides interest-free loans of up to $40,000; full repayment on or before December 31, 2022 will result in loan forgiveness of 25%. Contact your financial institution directly to apply for a CEBA loan.

Business Credit Availability Program
This is a co-lending program facilitated through the Business Development Bank of Canada (BDC) to provide term loans to SMEs for their operational cash flow requirements. Eligible businesses may obtain incremental credit amounts up to $6.25 million, with BDC's portion of this program contributing up to a maximum of $5 million per loan.

General Business Resources

Government of Canada: Resources For Canadian Businesses – COVID-19

Deloitte - Predicting The Post Pandemic Rebound:  A Live Look At Canada’s Economy To Prepare Businesses For Recovery

BDC Business Continuity Plan & Templates for Entrepreneurs

How to Complete the Record of Employment (ROE) Form

Guidelines for Saskatchewan WCB Claims Related to COVID-19

MNP COVID-19 Business Advice Centre

MLT Aikens COVID-19 Resource Centre

Saskatoon Regional Economic Development Authority COVID-19 Support Resource List

Pandemic Preparedness Guide (Canadian Chamber of Commerce)

28 Moves To Survive (& Thrive) In A Downturn: Managing Losses, Gaining Ground & Managing Psychology

Slack - A Single Place for Messaging, Tools & Files - Keep Your Team Connected

Sask Blue Cross Blog - Mental Wellness & Challenging Times

Insurance Industry Resources

Amplify Conference: An Exclusive Gathering of Insurance Brokers Designed to Turn Up Your Digital Intelligence & Fine-Tune Your Brokerage (June 4 -5, 2020)

Webinar: Commercial Lines Data Standards & Certification (May 27, 2020)

Webinar: ROI of Multichannel Marketing For Brokers - Enhancing Customer Communication & Interactions (May 21, 2020) 

Insurance Business Canada - Broker Connect 2020: Keeping The Industry Connected (May 14, 2020)

Business Interruption: Coronavirus - When Will Insurance Coverage Respond? (Intelectual Capital Coaching Corporation) 

Webinar: 'e-Signatures 101 For Brokers' - Provide Seamless Customer Service, Reduce Costs, Drive Efficiency & Minimize E&O  (May 1, 2020)

Canadian Underwriter Webinar Series - Part 2:  How COVID-19 Can Infect Your Cybersecurity (April 29, 2020)

Webinar: Ransomware - What Brokers Need to Know To Be Protected (April 23, 2020)

Canadian Underwriter Webinar: Business Continuity In The Digital Age - Part 1: How the Pandemic has Highlighted Broker Value (April 22, 2020)

Webinar: COVID-19 & Digital Tools For Brokers To Adapt Quickly And Help Clients During Challenging Times (April 14, 2020)

Insurance Institute COVID-19 Update: CIP Exam Information & New Resources (April 8, 2020)

Canadian Underwriter Blog: How To Protect Your Clients From Cyber Criminals Cashing In On COVID-19 (April 8, 2020)

Webinar: Going Digital – Real World Learnings & How IT investment will change and issues surrounding remote work (April 7, 2020)

IBAS e-Learning Session Webinar: Electronic Payment & Reconciliation Processes (April 6, 2020)

Canadian Underwriter Blog: How Can Your Brokerage Survive The COVID-19 Financial Crisis (April 3, 2020)

How Will Your Insurer Support You Through The Pandemic? - Select Your Specific Insurer (April 2, 2020) 

Insurance Bureau Of Canada - COVID-19 & Business Insurance: How Coverage Is Triggered (April 1, 2020)

April Canada: Protecting Yourself From Cyber Risks When Working From Home (March 31, 3030)

Trufla Technology Webinar: Operating a Brokerage Remotely (March 25, 2020)

The Insurance Podcast Episode: Dealing With COVID-19 – Remote Services & Processes (March 17, 2020)

IBAS COVID-19 Concierge Service

As members, you are our priority. IBAS is committed to supporting you in any way we can during the COVID-19 crisis. Have a question you'd like us to find an answer to? Send it our way using this simple online form:

Submit a question

Have a legal question you need answered? Contact IBAS's own legal counsel Warren Sproule, with Kanuka Thuringer LLP, at wsproule@ktllp.ca or (306) 596-9308.

Thank You to Our Partners

IBAS wishes to sincerely thank the following partners that have deferred sponsorship contributions for cancelled events to support the association’s COVID-19-related response and member services:


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