“My claims for both stores were rejected, citing language in the policies. There were virus exclusions and the need for physical harm to the buildings,” said Morrow, who filed claims with two different insurers as a result of COVID-19.
ABA has heard from members who are struggling financially, including those who are near retirement age (between the ages of 62 and 70) and considering how early Social Security retirement benefits might play a role in easing current financial uncertainty.
The act would “mandate that businesses who could demonstrate significant business interruption and sharp decline in present and future revenue would be insured, through a pre-funded risk pool, in the case of a pandemic or epidemic.”
The American Booksellers Association, a national not-for-profit trade organization, works with booksellers and industry partners to ensure the success and profitability of independently owned book retailers, and to assist in expanding the community of the book.
Independent bookstores act as community anchors; they serve a unique role in promoting the open exchange of ideas, enriching the cultural life of communities, and creating economically vibrant neighborhoods.