We understand the specialized markets in which you operate and provide tailored solutions to meet your unique business needs.
Our comprehensive suite of business services combines industry expertise, market knowledge and professional insights.
MNP is a leading national accounting, tax and business consulting firm in Canada.
403.444.0150
Suite 2000, 330 5th Ave. S.W. Calgary, AB T2P 0L4
Submit an RFP
MNP careers are Different by Design. As an entrepreneurial firm, we truly believe there are no limits to where your career can go.
The impacts of COVID-19 are being felt across Canada. Our team provides you with a guide to building a plan that helps your organization make decisions, respond quickly to what comes next and understand what questions you need to ask to protect yourself.
Q: What do I need to be thinking about and doing to minimize the disruption to my business?
A: Establish both a Response Plan and a Business Continuity Plan and designate a team to guide and respond to your business disruption. Your response should consider (at a high level):
Q: Should we be restricting employee travel?
A: In making the decision, companies should first refer to travel advisories from the Public Health Agency of Canada website. Organizations should also consider the impact of either having to quarantine employees upon their return or the chance that they may be stranded in a foreign country. Is the associated longer term business disruption related to that employee’spotential absence an appropriate trade-off for the benefit of the business travel?
Q: Does business interruptions insurance cover pandemics?
A: The answer depends on your policy and the circumstances of the loss. Businesses should be proactively reviewing their policies, including any endorsements and exclusions, with their brokers and claims consultants to discuss anticipated loss exposures and relevant coverages. For example, policies may contain contamination exclusions, but may also include extensions that can cover losses or costs related to decontamination. There are likely specific conditions related to coverage triggers.
Possible areas of coverage could include:
For more information, contact your local business advisor.
OR
Mariesa Carbone CPA, CA, ABCP, CRMANational Leader, Enterprise Risk Services780.453.5377[email protected]
Cliff Trollope CPA, CA, ABCP, CRMANational Leader, Business Resilience Services416.596.1711[email protected]
Related Topics:Business Continuity; Crisis Management