…and a Government Citizen.
The Federal government is required to certify whether an act of terrorism has occurred so businesses can determine related loss recovery. One outcome of this is that if a business did not specifically buy terrorism coverage, a formal designation of terrorism could make it harder to recoup a loss.
Now consider the Boston Marathon attack. Lots of small businesses that were impacted by that disaster did not buy terrorism coverage.
Enter, stage left, the Government Citizen:
Boston Mayor Tom Menino told reporters at a press conference Saturday that he has confidence Obama will not sign anything that would hurt businesses impacted by the bombings[.]
Enter, stage right, the Honest Citizen:
David Sapers, owner of candy store Sugar Heaven, said he took a risk by not purchasing terrorism coverage.
“This is a terrorism act, and we’re not [going to] change the rules because people want to recoup money from the insurance companies[.]