The Atlantic hurricane season begins on June 1st and runs through November 30th. It is important that business owners ensure everything is being done to protect valuable assets, customers, residents, employees, and property.
Hurricanes can be very costly and disruptive to business operations. Many businesses are still feeling the effects of last year’s hurricanes. According to the National Oceanic and Atmospheric Administration, there were 22 billion-dollar weather and climate disasters in the United States in 2020. Damages from these storms exceeded $95 billion in 2020.
Colorado State University just released its prediction for the 2021 Hurricane season. Another “above average” season is expected. Predictions are 17 named storms, eight hurricanes, and four major hurricanes. If these predictions are accurate, the U.S. is headed for another year of powerful, destructive, and costly storms.
There are several steps that can be taken to help minimize the damage and impact of a major storm. Preparation is a key step to secure assets and help protect customers, tenants, and employees. Now is the time to start working on:
It is critical to know and understand the risks associated with major storms. Clear communication and information are necessary to ensure the safety of customers and employees. Developing an EAP is a critical step in that process. When creating and developing an EAP, items to consider include:
Additional actions to consider in advance of a major storm:
If an evacuation is advised by the authorities:
If evacuation is not possible:
At AssuredPartners, we pride ourselves in helping our clients with a variety of services to protect their assets including loss prevention. To learn more, contact our team of real estate insurance and risk management professionals.
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