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Today's Key Question:
Was your business unfortunately vandalized and looted during the violent protest this past week? The article below from Slate answers some of your questions about insurance.
"Opinion: Are you ready to fly? Two disease experts offer practical tips to keep you safe"
From Market Watch:
* We have been thinking through this issue as moms and as anexposure scientist andinfectious disease epidemiologist. While we’ve decided personally that we’re not going to fly right now, we will walk you through our thought process on what to consider and how to minimize your risks.
"How Wealth Managers Helped Millionaire Clients Grow Richer During Lockdown"
From Wealth Advisor:
* But the hard work paid off. During the first three months of the year it was only wealth managers that outperformed the market, says a report from Finncap, a U.K. financial services firm, which gives special mention to Schroders, Hargreves Lansdown and Tatton Asset Management.
"Choose to be proactive with the future of your business"
* Trust that making a choice—even when the future is unknown—is better than letting itchoose you. This may be the defining moment of your business, and the defining moment for you as its leader.
"Is Looting Insured?"
An insurance expert on how damaged businesses can recover.
* Slate: What sorts of insurance claims have you been seeing over the past week?
Janet Ruiz: Businesses have been looted and burned and had glass broken. This is a covered loss under most business insurance policies. For small businesses, it’s usually a package, and it will include any improvements they’ve made to their space. If they own the building, then it would include coverage to repair or rebuild the building if it’s a total loss. Most business owners, if they have employees, are also getting help with workers’ compensation if an employee got hurt.
*Does the recent wave of coronavirus-related claims complicate matters?
It doesn’t. It just means they do need to put in a new claim, because this is a different loss. The coronavirus didn’t generate coverage for most businesses because viruses are excluded. Coverage is usually for physical damage to property. There wasn’t physical damage due to coronavirus. [For business-interruption claims] it really depends on how long the business was closed during the coronavirus as to how it would affect the average income. If it was a few weeks, it’s just going to get averaged into whatever time period that a company looks at to project what the income would have been during the time period that they were going to be closed.
"Epidemiologist Who Triggered Worldwide Lockdowns Admits: Without Instituting Full Lockdown, Sweden Essentially Getting Same Effect"
From Daily Wire:
* On Tuesday, Professor Neil Ferguson, of Imperial College London, whose bleak projections of future deaths from COVID-19 influenced governments around the world to institute massive lockdowns, admitted of Sweden, which did not institute harsh lockdowns, “It is interesting that adopting a policy which is short of a full lockdown – they have closed secondary schools and universities and there is a significant amount of social distancing, but it’s not a full lockdown – they have got quite a long way to the same effect.”
Speaking before a House of Lords Science and Technology Committee, the man who half a million Britons could die from Covid-19 spoke of Sweden, whose 436 people per million mortality rate from the coronavirus is significantly lower than the UK’s 575 people per million. The Daily Mail noted, “As well as fewer deaths, Sweden’s GDP actually grew in the first quarter of 2020, suggesting it might avoid the worst of the economic fallout from the crisis
Here's a short video from Steve on how you can purchase insurance in these changing times....Watch Here