The CDC announced a revised recommendation regarding social distancing and gatherings of large groups. The CDC now recommends limiting gatherings to no more than 10 people and only if absolutely necessary. San Francisco and the surrounding 4 counties are recommending residents 'shelter in place' and more counties throughout the US might follow suit. This is all while states are requesting the closing of bars, restaurants, and non-essential businesses.
As an insurance agency owner, my biggest concern is the well being of y clients. Unfortunately, there simply is not insurance for mass closures on this scale. Most business income/interruption coverage specifically excludes shutdown as a result of communicable disease, virus, or bacteria. Simply put, insurance will not cover this shutdown. It's becoming clear that it's not about if your business will be affected by COVID-19, but when.
Thankfully, the Small Business Administration is mobilizing it's disaster relief loan program.
"These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing," according to a March 12 SBA announcement. https://www.sba.gov/about-sba/sba-newsroom/press-releases-media-advisories/sba-provide-disaster-assistance-loans-small-businesses-impacted-coronavirus-covid-19
I'll post updates as they become available.