Navigating the Enhanced Risks of Severe Weather

Property & Casualty, Risk

Summertime is a welcome reprieve from long, harsh winters, bringing sun and warm weather. However, these months can also bring strong thunderstorms producing high-speed winds and lightning.

The question for your organization isn’t how you can stop weather events from occurring, but rather to ensure you’re prepared for the potential disruption to your normal business operations caused by severe weather.

The enhanced risk of weather events calls for you to review your contingency plans, emergency action procedures and insurance policies. 

Stay Informed

The location of your facilities will be the largest factor in determining the types of weather events you could experience. Look at the history of your facilities and location to help you determine the weather threats you may face.

Check for updates from local broadcast stations and use resources like the FEMA mobile app and the National Weather Service for timely and accurate information.

Develop a Comprehensive Emergency Plan

Every organization should have emergency action procedures and continuity plans for unforeseen situations. These plans should include evacuation routes and meeting points, emergency contact information, and a list of essential items such as flashlights, batteries, non-perishable food, and first aid supplies.

If you already have a plan, it should be regularly reviewed and practiced. If you don’t have a plan, your organization should strongly consider creating one, including collaborating with contractors and business partners to understand the probable restoration requirements.

Insurance Review

Your organization likely has policies in place to help restore your operations after a loss. A regular review of your risks, policies, and limits could make sure you have the coverage you need if you are recovering from an unforeseen weather event.

Key Takeaway

By following these strategies, you can significantly reduce the risks associated with severe weather events and ensure the well-being of your organization and those who depend on it. Remember, preparation is key to reducing your risk successfully. We encourage you to review your contingency plans, emergency procedures, and review your insurance policies with your M3 Team.

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