It's not often I agree with Simon Bridges, but I don't think think small business should have to rely on user-pays insurance to fund their recovery from natural disasters. We have #EQC for collectively-funded earthquake insurance, why not replicate or extend that to cover other kinds of natural disasters? This would go a long way towards both universal coverage, and avoiding unpredictable spikes in user-pays insurance premiums. Which I presume are two reasons EQC was set up in the first place.
@tetrislife
> don't insurance policies state that loss due to "acts of God" are excluded
Some do. It's satirised in the hilarious Billy Connolly movie 'The Man Who Sued God'. But I think you can pay higher premiums to explicitly include in your coverage the costs of a god breaking your shit (or some of them). As Bridges points out, a lot of small businesses reduced or stopped paying these higher premiums to help them survive COVID.