The COVID-19 crisis is challenging businesses in our state in ways that are unique in our lifetimes. That's why we're focused on helping our policyholders and injured workers in every way we can.
Over the last several weeks, we've taken a number of actions to provide support for our fellow Californians:
- We placed a moratorium on policy cancellations and late payment penalties. We also extended credit to any business negatively impacted by COVID-19 events and offered them the ability to immediately adjust their payroll reporting.
- We created the Essential Business Support Fund and the Returning California to Work COVID-19 Safety Protocol Fund. Together, these funds will provide up to $100 million to help our policyholders keep their employees safe from coronavirus.
- We also decided to provide full benefits for essential workers who test positive for COVID-19 during the Governor's stay-at-home order, regardless of how or where they contracted the disease.
We've worked very hard over the past several years to put ourselves in a position where we can make a real difference for our customers by taking these kinds of actions. But getting here didn't happen overnight. I'd like to share with you now more about what we accomplished last year and how it has helped prepare us for today's challenges.
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