On the Radar
Riots & Disaster Relief
Small business owners in more than 20 states have seen their operations impeded by the coronavirus pandemic—but also by civil unrest. Rioters have exploited anti-police brutality protests to loot, damage, and destroy numerous businesses.Â
The Insurance Information Institute estimates the losses from the 2020 civil unrest will set a new record, surpassing the $1.4 billion (adjusted) in insured losses from the 1992 Rodney King riots.
Not all small business owners have property insurance, and some policies only cover a fraction of the cost of demolishing structures that have been damaged beyond repair. Additionally, small businesses may have to pay higher insurance premiums after making a claim for damages, which means they’ll have to either charge customers more, employ fewer workers, or otherwise scale back. Â
Do you support allowing small businesses harmed by riots to get access to disaster relief?
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