HELENA, MT—In April, Montana State Fund (MSF), the state’s largest workers’ compensation insurance company, announced a program to allow policyholders impacted by COVID-19 the flexibility to defer premium payments on their workers’ compensation insurance without cancellation of their policy. On Tuesday, MSF announced an extension of the deferral through September 30, 2020. No policy cancellations will occur during this period unless requested by the policyholder.
The intent of the deferral is to give Montana businesses the flexibility to fit their financial needs during a stressful economic period so they can focus on what matters. Premium deferral will occur automatically for all policyholders, however, those who want to continue to make regularly scheduled payments may do so.
“Main Street Montana is continuing to feel the impact of the COVID-19 pandemic,” said MSF President and CEO, Laurence Hubbard. “Montana State Fund is committed to doing our part to ease that pain during these challenging times.”
Policyholders who want more information can reach out to MSF or their insurance agent.
Reader Comments(0)