The National Association of Surety Bond Producers (NASBP) shares information from Ward and Smith’s 2020 Construction Conference with its members.
The organization recently reposted an article written by attorney Bill Durr on its blog. “COVID-19 and the Construction Industry: Information for Executives to Know” summarizes “emerging legal issues – most of which relate to the pandemic – that are important to construction companies.” Highlights include the government’s response to COVID-19, the employment law, and the paycheck protection program loan forgiveness. From the article:
Ken Gray, who leads the firm’s work and employment practice, noted that the pandemic has disrupted all aspects of our lives, including the workplace.
âCOVID-19 has changed our world like no other event we have ever experienced,â he said.
The Families First Coronavirus Response Act, a federal law passed in March, applies to employers with fewer than 500 employees. The law requires employers to grant employees up to two weeks of additional paid sick leave (or more), but only in five specific circumstances:
When an employee is subject to a government-imposed quarantine and isolation order (such as a county health department asking a worker to self-quarantine)
When a health care provider orders an employee to self-isolate or self-isolate
When an employee exhibits symptoms of COVID-19 and seeks a medical diagnosis for those symptoms
When a worker needs to care for someone else, such as a child, who is in segregation or quarantine ordered by the government or a health care provider
When an employee has a child whose school or regular daycare services are closed or unavailable
You can read the full article here or on our website.
Founded in 1942, the NASBP is a professional association that specializes in providing bonds for construction and other business purposes to businesses and individuals in need of the insurance offered by bonds. It currently has more than 5,000 surety agents and brokers. Learn more.