NU Online News Service, Nov. 11, 3:24 p.m.EST

While a majority of large businesses have contingency plans fora pandemic or other catastrophe in place, many small to mediumcompanies do not, which can result in their demise in the wake of adisaster, according to experts.

"Small businesses that don't have a plan in place generallydon't survive after a disaster, whether it's a flood or a tornado.We see that anywhere from 40-60 percent of those that are hit likethat simply don't come back to business," said David Paulison,former executive director of the Federal Emergency ManagementAgency (FEMA) in a phone conference with NU Online.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.