According to an annual report from the NCEI, various floods, droughts, wildfires, hurricanes and severe thunderstorms led to approximately $46 billion in total damage last year. Additionally, this amount doesn’t account for losses due to the loss natural resources, health care costs or loss of life.
Climate-related disasters of any kind can have a large impact on businesses. Even if your business makes it through a storm relatively intact, damage to your vendors or your area’s infrastructure can lead to substantial business interruption. For help preparing for a severe storm, contact your partner at Warren G. Bender Co.