This is Planet Money from NPR.

Today we are going to talk about insurance, specifically business insurance.

Business insurance is important to summer-gurbing. She owns a small live music club in California.

A couple of years ago her policy included liability in case somebody got hurt,

workers comp and business interruption insurance.

And that very last one became pretty important during the pandemic.

Thank God we got this coverage. Thankfully we, you know, kept up on all those payments.

Overall, Summer's policy covered her for a million dollars.

But when the state shut down concerts and Summer had to close her doors,

she filed a claim with her insurer and it did not go well.

You know, we got tonight.

Hello and welcome to Planet Money, I'm Darien Woods.

The economic world is full of risk and uncertainty.

And companies and businesses often deal with this unpredictable world by turning to insurance.

Today on the show, two stories from Planet Money's daily podcast, The Indicator,

about how businesses are trying to deal with new kinds of risks.

Sally Herschelp tonight will be back after this.

The first of our two stories today is about how the insurance industry got even more risk-averse during the pandemic.

Summer's curbing on the Ivy Room. It's an independent music venue in Albany, California.

The bands that play there have names like Sven and the masterful orchestra and La Dida.

Very good.

So when you and I, Darien, walk into a place like the Ivy Room,

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