The American Management Association recently reported that only half of the corporations it surveyed had a disaster plan. What’s more, many respondents felt that the time spent preparing a plan was too costly or that they had just never thought about it.
As insurance professionals, we find such news disappointing. After all, a disaster management plan should be a top priority for every company.
The safety of your employees and the future of your business depend on drafting a disaster management plan now. From the loss of key personnel to physical property damage, everything that can go wrong in a serious situation might very well do so. Are you prepared?
Your plan should also include comprehensive insurance coverage. For example,
Once a disaster happens, if you don’t carry a business income policy with, “Extra Expense,” coverage, you will lose money. Maybe even enough to put your business under for good. This coverage kicks in to help you replace lost revenue and expenses to get up and running fast.
For more information on adding Business Income insurance with Extra Expense coverage to your protection package, call our service team today.