Be sure to contact your insurance provider BEFORE an emergency and ask them about coverage in case of an emergency. Use this information in your planning and supplement areas that are not covered. Many insurance phone lines will be extremely full during and after an emergency so it is essential to know your coverage ahead of time.
There are numerous resources for businesses to prepare for the financial aspects of emergency planning. One planning resource would be to contact your specific insurer. Another is to look at what has been learned from past emergencies such as Hurricane Sandy, as described by AMA Insurance.
Travelers’ insurance website provides valuable information regarding misconceptions businesses commonly have about business continuity. Does your business have a clear understanding of business continuity?