So more middlemen to make the cunsumer pay even more, joy.
This would be a claim by a large amount of insurance clients at once
It’s the difference between getting cancer (calculable, but perhaps not high probability), and getting hit by a meteorite (not actually calculable, very severe consequence).
Asteroid hits New York, insurance won’t pay out.
You’d insure against a specific product from a specific country being hit with a tariff. Tariffs are going up and down, sometimes in a way that may as well be random. (India not recommending Trump for a Nobel prize.) On its face, this doesn’t seem uninsurable.