When Cary Williams learned on May 30 that the paint store two doors down from her Santa Monica, California, boxing gym had been looted, she raced from her home to try to keep her own space safe.

She was too late. The windows of her gym, the Stables, had been smashed. The gym gear was gone, along with the video equipment she’d recently purchased to host virtual classes during the lockdown. In total, Williams estimates, there’s between $12,000 and $15,000 worth of damages and stolen goods. Even worse, she soon discovered she didn’t have the proper insurance to cover looting.

Williams is part of a cohort of business owners affected by looting and vandalism in recent weeks amid the protests in many U.S. cities against police brutality. While most property or small-business insurance policies cover the damage, about half of U.S. entrepreneurs don’t have the proper insurance, according to an estimate from Daniel Aldrich, director of the Securities and Resilience Studies Program at Northeastern University.

Some entrepreneurs take out policies but forget or choose not to renew them. In Williams’s case, her policy focused more on liability, since she runs a gym, and didn’t cover the property.

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