By Jack Garson
(As seen in the SmartCEO Magazine, February 2012)
Ensuring you have insurance when you need it.
On Aug. 23, 2011, a magnitude 5.8 earthquake hit the Mid-Atlantic region, causing damage to structures as famous as the Washington Monument and the National Cathedral. The very next month, in September, Tropical Storm Lee thundered up the East Coast, causing historic rainfalls and flooding.
In each instance, countless businesses suffered damage, only to discover that their existing insurance failed to provide necessary coverage.
A variety of other threats can pose risks to your company. You may face anything from injuries to your workers and customers, to fire that destroys your facilities, to lawsuits accusing you and your colleagues of failing to uphold duties to shareholders, clients and employees. (more…)