Kiplinger

Captive Insurance for Pandemics? What Small Businesses Can Do

Lately everyone’s a fortune teller, and they’re reading the leaves of how industries will change after 2020 — from where people will work to what dining will look like to whether we should still use public gyms.

While most predictions are sensationalistic and may or may not come to fruition, there’s one thing I’m sure will change for decades: how businesses think about and mitigate risk.

Five years ago, if I asked a business owner whether they had insured themselves against the possibility of a once-in-a-century pandemic and the domino effect of government shutdowns, they probably would have laughed me out the door.

And now many businesses are dealing with the double-whammy

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