Fires, Floods and Hurricanes – What to Do When Disaster Strikes: Methods to Plan Ahead, Maximize Insurance Coverage, and Manage Risk When the Unexpected Happens
Whether you have operations in coastal states or strictly in the Midwest, the risk for natural disasters and other catastrophic business interruptions is always imminent. Facility fires, flooded streets, tornadoes and transportation damage are merely a few among a long list of threats able to impede your business and impose significant losses at any time. Risk knows no season.
Join Susan Schellinger for an in-depth discussion addressing how to prepare for the world of commercial property insurance coverage issues and beyond. This forum will offer best practices for preparing your coverage policies and commercial contracts for the domino effect imposed by an interruption of business operations at the insured location as well as losses incurred due to off-site damage such as supplier chains and customer business closures.
Don’t allow catastrophic losses to be compounded by an absence of effective preparation. Know the risks and limit your company’s exposure. Areas addressed will include:
- Having the right coverage in place before disaster and maximizing after disaster.
- Can a revenue shortfall stemming from a natural disaster successfully be claimed under business interruption insurance?
- What provisions should be considered in construction contracts, lease agreements and other types of contracts?
- The effect of force majeure provisions in contracts such as those with suppliers or customers.