How bad is the fallout from the social justice riots? Really bad.

Insurance companies are likely looking at hundreds of millions of dollars in claims as a result of the recent wave of protests and looting.

Last week, Verisk Analytics subsidiary Property Claim Services declared the civil disorder in Minneapolis to be a “catastrophe” — implying at least $25 million insured losses — and had extended that designation to over 20 states a few days later.

Lefties have been claiming that it doesn’t matter because businesses carry insurance. Except in the real world, it’s not that simple.

While the question of whether looting damage is covered by insurance is generally well established, other uncertainties remain. Although landlords tend to require their tenants to buy basic liability insurance at the very least, the amount of coverage can still vary widely, the Los Angeles Times reported.

A typical liability and property coverage package for a small business can cost about $1,200 a year, the Insurance Information Institute’s Janet Ruiz told the Times. “It depends on how much they are willing to spend if they have a loss,” she said. Large retail chains, on the other hand, usually have sophisticated insurance policies that can cover millions of dollars in losses.

In an unfortunate twist, it also appears that many smaller retailers have allowed their insurance coverage to lapse in recent months due to financial pressures caused by the pandemic, according to stories of small business owners reported by news outlets across the county.

In short, small businesses, and likely minority-owned businesses, are probably the most vulnerable and least likely to be covered.

Good work, social justice rioters, making people more equal by taking away what they have.