> Is it really the case, that Americans assume to have all these sorts of insurances taken care of automatically?
For consumers, yes. For businesses, this falls under the "treasury management" responsibilities of the CFO position.
If they make this assumption (i.e. by foregoing insurance, T-bill ladders, etc.), they're a poor fiduciary. The VCs and relatively mature startups that stood to lose money in the last week have come out of this looking really bad to the adults in the industry.
For consumers, yes. For businesses, this falls under the "treasury management" responsibilities of the CFO position.
If they make this assumption (i.e. by foregoing insurance, T-bill ladders, etc.), they're a poor fiduciary. The VCs and relatively mature startups that stood to lose money in the last week have come out of this looking really bad to the adults in the industry.