Thanksgiving After Hurricane Sandy
Thanksgiving After Sandy
Nearly one month later, many businesses continue to experience the effects of Hurricane Sandy. Efforts to rebuild these businesses – physically, financially and psychologically – will continue for many months to come.
For businesses that planned for this One Minute From Normal event by purchasing proper insurance coverage, efforts to rebuild are likely to conclude favorably. Business Property Insurance will pay to restore property, plant and equipment. Business Interruption Insurance will reimburse companies for lost revenue and ongoing costs.
Businesses that did not plan ahead by purchasing proper insurance coverage face an uncertain future. While it is true assistance is available from federal agencies like FEMA, this assistance is unlikely to come close to making these businesses whole again.
In the spirit of the first Thanksgiving, we at KMRD Partners are dedicated to providing assistance to companies affected by Hurricane Sandy. Whether or not you are currently a client, we are available to offer guidance regarding attempts to gain access to recovery assistance. If there ever was a time to reach out to a neighbor, this is certainly one of those times.
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. Hurricane Sandy and its aftermath are all the reinforcement of this issue anyone should want or need.
To identify and correct coverage and service gaps in your insurance contact us at firstname.lastname@example.org before one minute from normal strikes your company.