Surely the business owners had insurance.
Have you ever had an insurance loss?
Were you ever 100% whole on the back side of the event?
They probably did but it doesn't reimburse for employee job loss. It wasn't just the owners who took a hit....
It’s also possible they didn’t have insurance because of the neighborhood. Insurance companies are reluctant to insure businesses in high crime areas. If the owners could get insurance, the premiums would be sky high. They may not be able to afford insurance.
Surely the business owners had insurance......Sure they did. But the caveat is the inclusion of no payoff in acts of war, CIVIL Disturbance, or premeditated crimes by policyholder (arson).
Insurance may not cover riots and insurrection although most cover vandalism. Each policy is specific on war clause exclusions that defines the differences between the conditions.