Natural Disasters and Insurance – Making it Real
Is your business prepared for an emergency? Natural disasters can occur without warning, making it critical that business owners are prepared at all times. While most people think about insurance in relation to day-to-day incidents, the major concern of insurers and financial regulators is to provide protection from catastrophic natural disasters. This includes physical losses and damages as well as revenue interruption.
In this webinar, we will review some of the largest financial losses that have occurred in Canada due to natural disasters, and what the insurance industry is most concerned about for the future. By using an example of a severe natural disaster,we will examine what happened, how devastating the loss was, what was learned, and the lingering effects of the catastrophe 15 years later. The panelists will provide insights on how business owners (both real estate and operating businesses), can prepare to ensure that their business is as resilient as possible.
- The impact of natural disasters on businesses.
- Risk mitigating strategies that business owners can leverage,
- Insurance coverage considerations, including coverage for business interruption and periods of indemnity.