3 ms·
By your own calculation there that's a really tall order for restaurants to afford, and the damages are also hard to tabulate. For flood or fire you can mitigat
by vikramkr 7y ago
By your own calculation there that's a really tall order for restaurants to afford, and the damages are also hard to tabulate. For flood or fire you can mitigate your risk and clearly value the damages - how exactly do you tabulate for shutting down a restaurant? Who decides what revenues would have been for a new restaurant?
- londons_explore 7y agodamages could be written into the insurance contract. For example, "During any pandemic period, as defined by WHO, the policyholder may define a single continuous wholly contained subperiod for a claim. A business valuation shall be made of all assets at both the start and end of this subperiod by designated auditor X. The insurance policy shall pay out the difference in valuations."