No one saw coronavirus coming. Well, almost no one. Turns out, the All England Lawn Tennis and Croquet Club, home of the Wimbledon tennis tournament, did. For 17 years, the club has paid $2 million annually for “pandemic insurance,” and will receive $141 million for this year’s canceled tournament. They’ll still lose money, but it’s certainly better than the alternative: no tournament revenue at all.
Take your lessons learned to plan for the second wave now
No one really wants to think the current situation could happen again, but it’s possible. We’re still many months away from a vaccine and experts are warning about a potential second wave of infections. What happens next is unclear, but if you take the 4 steps outlined below, you’ll be better prepared and have a lasting work-from-home solution for your business.