One of the biggest enemies of corporate America is unacceptable risk. Although exposures can be difficult to identify and evaluate, when it comes to flooding, there are steps businesses can take to identify, evaluate and mitigate those hazards.
Flooding can happen anywhere, anytime. It can result from heavy rains, melting snow, inadequate storm water drainage systems, failed protective devices such as levees and dams, or tropical storms and hurricanes--all of which can destroy buildings and businesses.
In fact, at least 25 percent of businesses that close because of a disaster never reopen, mainly because of insufficient insurance. Business leaders can better protect themselves, their business and their employees by having and advocating sufficient flood insurance.
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