The sad news to report for any small business that is shuttered due to coronavirus isn't covered for any lost income. Most small business insurance policies have loss of income included but after a physical loss to their business. A physical loss like fire, wind, hail, lightning.....must 1st occur before the lost income can then be applied to a business.
Loss of income because of a government mandate or a disease isn't a "trigger" for income loss to apply. Unfortunately for small business owners, there wasn't or hasn't been an option to even include something like this. I don't mean to be the bearer of bad news but small business owners need to know this.
If the Federal Government steps in with emergency funding for small business owners it may be like "if you've been denied loss of income by your insurance company, you may be eligible for this funding". Or something to this effect. So you may need to place a claim in with your insurance company anyway, to get to this emergency funding. We won't know until some sort of directive like this comes out.
Let's hope this epidemic gets solved soon and every small business owner can get back to running their business. We can only hope this is a quick ending epidemic.