Risks Ahead. Business Interruption Coverage – Climate change has become big business.
Risks Ahead. Business Interruption Coverage – Climate change has become big business.
According to Climate Change Business Journal, the climate change consulting market is valued at $1.9 billion worldwide.
With more tornadoes than any other country in the world, nearly half this amount is spent in the US.
- Up to 60 people die in U.S. tornadoes each year.
- Up to 1,500 people are injured in U.S. tornadoes each year.
- The most damaging hail event ever recorded in the U.S. was in 2001, when a hailstorm inflicted severe damage on Kansas City, causing insured losses of $2.9 billion (in 2014 prices).
Does your firm have adequate insurance coverage for extreme weather events? Business Interruption Coverage can mitigate risks from supply chain disruption across your supply chain footprint.
When there is risk ahead, you can count on KMRD Partners Risk and Insurance Solutions for a common sense approach to risk management and transference through insurance coverage. KMRD Partners structured risk management process provides clients a competitive advantage, reducing their cost of risk while improving their operational efficiency.
Please contact your KMRD Partners relationship manager or e-mail us at contactus@kmrdpartners.com to review your organization’s coverage gaps before one minute from normal strikes.
Need to deliver better insurance and risk management results for your company? Schedule a brief demo of our risk management system, KMRD XChange.
