Why Your Company Needs a Business Continuity Plan and Insurance Coverage
In 2013, thunderstorms, winter storms, hail and tornadoes caused $32 billion in damage across the United States. More than 40% of businesses impacted by a natural disaster never reopen.
Even if your property isn’t damaged during a natural disaster, your business may still suffer a loss if customers or suppliers are unable to do business with you. The more an organization can plan for how to deal with such incidents, the better off it will be. A business continuity and disaster recovery plan can help a business continue to function and bounce back from a disaster more easily, while appropriate insurance can help mitigate risk.
View the infographic below to learn the costs of bad weather to affected businesses.