The Pandemic Protector policy, developed with London-based brokerage C.J. Coleman & Co. Ltd. and underwritten by London market insurers, is available to public and private companies of all sizes across most industries in all 50 states, One80 said in a statement.

The policy will cover a business for loss of gross profit due to an epidemic and/or pandemic outbreak but does not provide retroactive coverage for the current outbreak of COVID-19, One80 said.

Available limits start at $1 million and deductibles and attachment points are tailored to each policyholder, with hospitality, retail and manufacturing among the sectors in need of coverage, a spokesman for One80 said in an email.

The innovative coverage comes as businesses incur massive financial losses due to COVID-19 and as many insurers are denying business interruption claims related to the pandemic.

Premium for $1 million of coverage can be as low as $35,000, and the policy has a flexible definition of epidemic triggers to meet a policyholder’s specific needs, One80 said.

The policy also offers access to specialized experts to assist in outbreak mitigation and crisis management.

Pandemic Protector is underwritten out of London by A.M. Best A-rated insurers and offered exclusively in the U.S. through One80.