Super Storm Sandy
Super Storm Sandy
Super Storm Sandy has demonstrated just how unexpected one minute from normal can be:
- The New York Stock Exchange experienced its first multiple-day closing for weather-related reasons since the Blizzard of 1888.
- Economists estimate financial losses could reach $50 billion, making Sandy one of the costliest storms in U.S. history.
- The region affected by the storm accounts for 25% of the nation’s economic activity.
One of the first concerns expressed by business owners following weather-related events regards insurance. Is our premium paid up? Do we have the right coverage? Do we have sufficient coverage? Effective insurance coverage is appreciated in times and events like we are currently experiencing. In the final analysis, every business owner we’ve ever met following a claim isn’t concerned about how much they paid for coverage. They just want everything to return to the one minute before the storm or the loss. It is the essence of insurance which should not be lost on successful business people. The care you exercised in building your business should not be eliminated in one careless decision regarding “cheap” insurance!
We encourage KMRD clients who have been affected by Sandy to call us to file a claim. If you have questions about what might or might not be covered, please don’t hesitate to call. We hope you will also call if you are not a KMRD client (yet), but would like a second opinion.
One minute from normal weather events have become alarmingly frequent during the past few years. They disrupt communities, interrupt business activity and scramble carefully conceived plans. The risk management professionals at KMRD Partners can help your company review your coverage and deductibles to mitigate and transfer the risk of unexpected events before one minute from normal strikes.
KMRD reduces the overall cost of risk for clients by producing a greater value for each insurance dollar spent, while utilizing an enterprise risk management approach to engineer the optimal solution. The firm’s diagnostic process is supported by its unique collaborative technology, KMRD XCHANGE ®
We are dedicated to anticipating risk and helping firms recover from unplanned events that wait on the other side of one minute from normal.
To identify and correct coverage and service gaps in your insurance contact us at contactus@kmrdpartners.com before one minute from normal strikes your company.
