Towson, MD – Chesapeake Employers’ Insurance Company recently announced that it would be deferring billings and payments until May 1, 2020, and that no cancellations will occur for non-payment during the period, with the following message from CEO Thomas J. Phelan & President Paige Beck:
Here at Chesapeake Employers’ Insurance Company, we know that COVID-19 has impacted business like no other event in the foreseeable past. We have been asked to close businesses, stop our children from going to schools and limit large gatherings. Chesapeake understands the significance of the situation and is prepared to assist during this hardship. We do not want you to be distracted during these difficult times worrying about your workers’ compensation bills.
Your policy premium is based on the wages paid to your employees and those wages may be reduced based on the limitations placed on you and your business under the current situation. Please contact your agent and underwriter to make the necessary adjustments for payroll decreases to adjust the premium assessed for your workers’ compensation policy.
Chesapeake Employers is also deferring billings and payments until May 1, 2020. No cancellations will occur for non-payment during this period.
Chesapeake Employers will continue to invoice under the normal cycle to all customers, however, payment is not required. Payment is at the customer’s discretion through May 1, 2020.
Source: Chesapeake Employers’