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California businesses continue to struggle Covid-19 restrictions
November 20, 2020
In early September, California lifted specific restrictions related to Covid-19 and businesses. The state allowed restaurants to open patios, hair salons to cut hair with masks on and retailers to open with a minimum capacity.
While some businesses celebrated the changes, there are still many entrepreneurs that are struggling financially to stay open and active with their customers.
According to Reuters
, half of the local businesses said sales were down by 25% from pre-pandemic levels.
There is a significant portion of small businesses that won’t survive the pandemic. The industries hit the hardest are retail, hospitality, and business and personal service companies. Many restaurants also resorted to downsize and retool menus to compensate for fewer customers at their tables.
Is anyone thriving?
While most businesses are struggling to make ends meet, there are a few industries that are booming under the current global crisis. For example, construction and home improvement are rapidly growing as more people spend time at home, stuck in lockdown.
The same is true for grocery stores, as they were one of the few essential businesses that were opened during the highest restrictions.
There are ramblings of a second lockdown as cases begin to spike once again. Some cities, like San Diego, consider implementing all restrictions until cases decline once again. Until any region makes an official decisions, businesses need to stay adaptable and find new ways to cope with a Covid-19 world.
If you’re worried about this impacts your business insurance, there may be ways that your policy still upholds under the current regulations, depending on your policy.