Consider these statistics:

  • 75 percent of U.S. businesses are underinsured1.
  • 40 percent of businesses fail to reopen after a fire or other disaster, as estimated by the Small Business Administration.
  • Of those businesses that do reopen, 25 percent close their doors within the first year after the event2.

Pre-disaster planning is critical to ensuring your business is adequately covered, should misfortune occur. Plan for the worst and mitigate your future risk using these three steps:

Step 1: Check your insurance policy.

The key to avoiding a financial catastrophe in the event of a loss is knowing what is in your insurance policy and understanding what it means.


Step 2: Build a trusted team of advisors.

Before purchasing a policy, it is best practice to consult with a trusted team of insurance advisors, including your attorney, accountant, insurance broker, and licensed public adjuster.


Step 3: Know who to call.

As a post-disaster recovery expert, your public adjuster is uniquely suited to negotiate with your insurance company and can guide you safely through the minefield of adjustments.


When disaster strikes, preparation can save your business— and you can facilitate the rapid recovery of your business — with an expert team by your side. For a more detailed look into the intricacies of disaster planning, read our full guide here.