Don’t Forget To Test Your Business Continuity Plan

business continuity plan

According to a recent survey of over 500 midsize business owners and C-level executives in the US, 59% had a formal, documented business continuity plan and 33% had an informal, verbal plan. 8% had no plan. Of those businesses with continuity plans, only 19% had actually tested them. (source: The Hartford) Additionally, the survey found […]

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Risks Ahead. Did you know?… Catastrophe risk

Risks Ahead. Call KMRD

“The frequency of catastrophic events appears to be increasing, with a record number of catastrophes last year,” according to Swiss Re’s chief economist. 1. A record 189 natural catastrophes were recorded in 2014. 2. The most costly insured catastrophe loss in 2014 came from lightning and hailstorms in the United States in May, resulting in […]

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Are You Ready for Hurricane Storm Surge Risks?

KMRD Are You Ready for One Minute From Normal?

At our website we ask visitors the question: What if an unscheduled event suddenly seizes control of your business? Are you ready? More than 6.6 million homes on the Atlantic and Gulf coasts are at risk of hurricane storm surge, according to a report released by property analytics and data provider Core Logic. The […]

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Are you ready for your company’s cyber doomsday?

IT Disaster Recovery

Last week, an insurance industry executive testifying before the Senate Committee on Commerce, Science & Transportation at a hearing on “Protecting Personal Consumer Information from Cyber Attacks and Data Breaches,” reported that clients purchasing stand-alone cyber insurance increased by more than 20% in the past year. His appearance followed by one day Senator Jay Rockefeller’s […]

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Fire On the Boardwalk – Why business interruption coverage is a crucial element of a comprehensive risk management plan

KMRD - Are You Ready For One Minute From Normal?

It seemed inconceivable New Jersey’s Seaside Heights would be one minute from normal for a second time in two years. Yet, that is exactly what happened when wind-blown fire destroyed six blocks of boardwalk and nearly 50 businesses. Since fire is covered by a standard commercial insurance policy, businesses with adequate coverage will be compensated […]

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Is the Atlantic coast all clear? Getting Ready for Hurricane Season

KMRD Are You Ready for One Minute From Normal?

In May, the National Oceanic and Atmospheric Administration predicted a “very active” Atlantic hurricane season and reported it expected between seven and eleven hurricanes. And yet, although Monday was the midpoint of the hurricane season, which ends November 30, so far there hasn’t been even one hurricane. Does this mean we are in the clear? […]

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Hurricane Season – Here we go again

Even while post Sandy restoration efforts continue along the Jersey Shore, the NOAA’s Climate Prediction Center has reported there is a 70% likelihood of 13 to 20 named storms in the Atlantic this year. 7 to 11 of these storms may become hurricanes, while 3 – 6 may develop into Category 3, 4 or 5 […]

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