This paper revisits the situation of Filipino women, and in particular women-led micro and small enterprises, and argues that inclusive insurance targeted to women could play a key role in the post-Covid 19 pandemic recovery period. It sheds light on the special needs of women in their multifaceted roles –entrepreneurs, employees, house-makers and household finance managers– and how those should be addressed. It also provides insight regarding the coping means with which they they could face their challenges in a postpandemic world. This paper focuses on women-led MSMEs in the Philippines especially addressing the situation against their gains and risks as well as the role that inclusive insurance could play as a tool for risk management. It also describes the opportunities that the pandemic could trigger for inclusive insurance in the country.