In times like these, when we are all doing our part to stop the spread of COVID-19, we are thinking about our policyholders. We recognize that many businesses across the state are experiencing dramatic drops in revenue and making abrupt staff cuts. To help your clients manage this difficult time, State Fund is offering payment flexibility.
We are placing a moratorium on policy cancellations and late payment penalties. In addition, we will extend credit to any business negatively impacted by COVID-19 events and offer policyholders the ability to adjust their payroll reporting.
As the situation around COVID-19 continues to evolve, we will keep you informed with any updates on our business practices and policies. If you have any questions about our payment flexibility, please call your State Fund Marketing Representative.