This would not be a government initiative but any credible developer is going to have multi tiered insurance on their development to account for natural disasters, business interruption, employer liability, etc. When conducting due diligence on the developer in which you are investing your funds, it would always be recommended that you ask for proof of insurance so that you have the confidence that your investment is protected. It is also worth noting that Grenada is outside of the de facto Caribbean hurricane belt and has had less hurricanes in the past 100 years than New York City.
