There is a better way. Chubb believes that a public–private partnership program can be implemented before the next pandemic that recognizes the differing needs of small and large businesses and will provide:
These are key components of Chubb’s Pandemic Business Interruption Program. The Program has two elements: a program for small businesses that provides an immediate cash infusion when a pandemic is declared and a separate voluntary program for medium and large businesses with losses paid through the existing industry claims adjudication process. Both depend on the federal government assuming a substantial percentage of the risk, through direct U.S. Treasury funding to insurers for the small business program, and through a newly created government–run reinsurance entity for medium and large business losses.