Disaster Recovery – Fire caused an $8 million property loss
Disaster Recovery – Fire caused an $8 million property loss
After successfully running its business without incident for more than 30 years, one minute from normal this manufacturer of electrical products had to determine if it was ready. Disaster Recovery was now a real issue.
The company manufactured specific niche products and maintained a limited and specialized pool of loyal clients. One evening after business hours, an electrical fire began near a chemical storage room.
What happened next felt like a bad dream:
The fire resulted in an $8,000,000 property loss for the manufacturer, including $1,500,000 of business interruption and the very real potential of losing its contracts, its hard won pool of loyal clients and its business.
To see if this company was able to get back to normal, please visit http://www.oneminutefromnormal.com/casestudy-6.php
KMRD Partners provides risk management consulting and property & casualty insurance to protect against potentially catastrophic losses that wait on the other side of one minute from normal.
Contact us at contactus@kmrdpartners.com before one minute from normal strikes your company, and we will identify and correct coverage and service gaps.
