The Risk & Insurance Management Society Inc. said on Thursday that it would support safe harbor legislation COVID-19 legislation for companies in cases where the business was conducted under federal health guidelines.
The statement said that RIMS understands that there must be a balance between a business owner's need to operate without being held liable and the public's right to seek "fair compensation for damages caused unreasonably by companies."
In a statement aimed at guiding its advocacy on the issue, RIMS also said that it would support legislation dealing with corporate negligence leading to bodily injury / property damage to third parties, provided that it does not concern allegations of gross negligence and / or intentional negligence.
"In the wake of the global pandemic COVID-1
"While the situation remains frenetic, RIMS encourages companies to follow federal health reviews to not only protect employees and customers as fully as possible but also to better protect assets," said Humphreys, vice president, disputes and risk management for property developers. Watt Cos. in Santa Monica, California.