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Freakonomics Radio

437. Many Businesses Thought They Were Insured for a Pandemic. They Weren’t.

Oct 29, 2020
40:51

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Quick takeaways

  • Business interruption insurance doesn't cover viral outbreaks like the COVID-19 pandemic.
  • Legislative measures are being introduced to force insurance companies to reimburse businesses for pandemic-related losses.

Deep dives

Hurricane, Flood, and Fire Resilience

Despite facing multiple disasters like floods, hurricanes, and fires over the years, Jane Jucker from Three Brothers Bakery emphasized the importance of insurance coverage. From a hundred thousand dollars in flood damages to a million-dollar hurricane event, their business interruption insurance proved essential in covering property damage and lost revenues, showcasing the prudence of such purchases.

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