The Role of Insurance in Virus Fallout

The video discusses the expected disruptions in supply chains due to the coronavirus and the role of commercial property insurance in mitigating business risks. It highlights the challenges insurers face in covering losses without physical property damage and the potential for increased awareness and demand for pandemic-related coverage. The video also explores the prevalence of business interruption insurance and the possible future changes in policies to address pandemics.

What type of insurance policy is most likely to cover business disruptions due to supply chain issues?

• Health Insurance

• Auto Insurance

• Commercial Property Insurance

• Life Insurance

What is a major requirement for business interruption coverage to be applicable?

• Property damage

• Government warning

• Presence of a virus

• Employee illness

Why might insurers face challenges in covering coronavirus-related claims?

• Government regulations

• Absence of property damage

• Lack of insurance policies

• High insurance premiums

How common is business interruption insurance among companies?

• Standard for both large and small companies

• Only for large companies

• Rarely found

• Only for small businesses

What new awareness might the coronavirus pandemic bring to insurance coverage?

• Increased health insurance

• More life insurance policies

• Coverage for pandemic-related losses

• Higher auto insurance premiums