Coronavirus Resources & Info


Resources for NASBP MEMBERS and their clients

With the uncertainty of the novel coronavirus and of its impact on the surety industry, NASBP wants to ensure that NASBP members have the most up-to-date and relevant information that pertains to their businesses and clients. Below are resources including NASBP Blogs, NASBP Virtual Seminars, NASBP Podcast "Let's Get Surety", NASBP SmartBrief enewsletter articles, CARES Act information, and more.

Please check this webpage often, because NASBP will be updating it regularly with additional information and articles.

For information on the operating status of NASBP, click here.
For information on the NASP Annual Meeting & Expo, click here

NASBP Blog Logo
Check out our latest blogs, with suggestions from NASBP Advisory Council Attorneys and CPAs, and others, on how to handle coronavirus-related delays, costs, and possible economic slowdown. See all NASBP Blogs here.

Paycheck Protection Program Provides Forgivable SBA Loans Published April 1, 2020

SBA Issues Paycheck Protection Program Guidance Published March 31, 2020

Coronavirus Update: Is Your Construction Site Still Open? Updated March 30, 2020

Government Response to Coronavirus May Impact Contractors' Working Capital--Be Prepared for the Implications Published March 30, 2020

Force Majeure: Navigating the Impact of the Coronavirus Pandemic on Contract Performance Obligations Published March 30, 2020

Understanding What Your Clients Are Going Through and How You Can Respond--Understanding the Cycle of Disruption, Anxiety, and Grief Published March 27, 2020

COVID-19 Impacts on Federal Government Contracts--Protecting Your Rights Associated with Delays & Suspensions of Work Published March 26, 2020

Finding Stability in a Time of Crisis Published March 26, 2020

UPDATE: OMB, CISA, and DoD Issue New Guidelines Addressing Coronavirus Impacts on Federal Contractors Updated March 25, 2020; Originally Published March 23, 2020

Potential Surety Coronavirus Defenses Published March 24, 2020

How Coronavirus Is Affecting the Construction Industry: An Evolving Tracker of Construction Shutdowns Across the United States Updated March 24, 2020; Originally Published March 20, 2020

A Contractor's Guide for Protection During the Coronavirus Pandemic Published March 23, 2020

COVID-19 Impact on Federal Contracts: Confirming Acceptability of Performance Delays Published March 23, 2020

Planning Now to Prove Your COVID-19 Damages and Delays Later Published March 22, 2020

SBA Loan Program for Businesses Economically Impacted by Coronavirus
 Published March 20, 2020

Signing a Construction Contract in the Middle of the Coronavirus Pandemic . . . Two Contract Clauses to Consider Published March 19, 2020

Construction Project Team Considerations Regarding COVID-19 Published March 19, 2020

Surety Professionals Should Act Now to Help Contractors Prepare for an Economic Downturn Due to the Coronavirus Published March 18, 2020

Coronavirus Is Here: What Does That Mean for Your Project and Your Business? Published March 13, 2020

Coronavirus (COVID-19)—Guidance for Contractors Published March 13, 2020

Pandemic Doesn't Have to Mean Pandemonium in the Workplace Published March 12, 2020

NASBP SmartBrief Logo

NASBP SmartBrief
, NASBP’s FREE e-newsletter, conveniently brings the news that matters to surety professionals, project owners, public officials, subcontractors, contracting officers and others every week. Be sure to sign-up for NASBP SmartBrief to get the week’s latest news on the coronavirus.

Below are recent SmartBrief editions with coronavirus coverage.

April 1 NASBP SmartBrief

March 25 NASBP SmartBrief

March 18 NASBP SmartBrief

March 11 NASBP SmartBrief

March 4 NASBP SmartBrief

Virtual Seminar Logo

Sign up for recent NASBP Virtual Seminars regarding coronavirus. Registration is $89 for members, $179 for non-members. Consider the 2020 Virtual Seminar Annual Subscription ($995 available to Members only) if you'd like to have access to all of the NASBP Virtual Seminars at once.

Contractor's Guide: What You Should Know As You Manage Through the COVID-19 Environment

Force Majeure: Navigating the Impact Of The Coronavirus Pandemic On Contract Performance Obligations

The Ten Riskiest (and Most Negotiated) Construction Contract Terms

View the full catalog of NASBP Virtual Seminars--titles, descriptions, speakers  

Let's Get Surety logo
Listen to coronavirus-related episodes of NASBP's new podcast "Let's Get Surety: Let Me Hear Your Bonding Talk." Our host Kat Shamapande will be joined by co-hosts and engaging guests to discuss the intersection of surety, the construction industry, and the coronavirus pandemic.

Surety in This New World: Focusing on the People and Moving Forward
In this episode, Peter Quinn, Senior Vice President of Major Markets – Surety at Crum & Forster, shares how he and the team at Crum & Forster are getting back to business and keeping the focus on people and relationships during these unprecedented times. We discuss working and meeting remotely, digital seals and more.

Steps for Contractors to Take Now and Rundown of Federal Relief Programs To-date due to COVID-19
On this episode, Jack Callahan CPA, Partner - Construction Industry Leader at CohnReznick joins us to share action items that contractors should be considering now due to the current COVID-19 pandemic. If you are interested in getting more in-depth information you should check out the NASBP Blog Jack contributed titled, “Finding Stability In A Time of Crisis” and the NASBP Virtual Seminar, “Contractors Guide: What You Should Know As You Manage Through the Covid-19 Environment”.

Paycheck Protection Program and other
CARES Act Information
Funds from this program:
  • Can be used for employee salaries under $100,000, paid sick or medical leave, insurance premiums, and mortgage, rent and utility payments;
  • Are potentially 100% forgivable if used for the above purposes; and
  • Are available to businesses or 501(c)(3) nonprofits with less than 500 employees, including sole-proprietors, independent contractors, and other self-employed individuals
Based on the legislation, it may be helpful for interested business owners to gather the following information about their business:
  • 2019 Payroll--including the last 12 months of payroll
  • 2019 Employees--1099's for 2019 employees and independent contractors that would otherwise be an employee of your business. (Note: Do NOT include 1099's for services)
  • Healthcare Costs--all health insurance premiums paid by the business owner under a group health plan.
  • Retirement--your company retirement plan funding paid for by the company.
More information and forms:
NASBP Blogs on this subject:
SBA Issues Paycheck Protection Program Guidance Published March 31, 2020

Paycheck Protection Program Provides Forgivable SBA Loans Published April 1, 2020

Brian S. Wood of Smith Currie offers this guidance to contractors and subcontractors related to their construction contracts, "Practical Considerations for Dealing with COVID-19" (March 18, 2020).