Record Rain Forecast from El Nino; Is Your Business Covered?

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With forecasters predicting significant rainfall thanks to the El Nino weather phenomenon, you could be putting your business at risk if you are not properly insured. The average commercial flood claim is $89,000, according to the National Flood Insurance Program. And 25% of businesses that shut down after events such as floods never reopen. You might be thinking that you might qualify for federal disaster assistance. But most federal aid comes as a loan – not an outright grant. A $50,000 loan at 4% interest would result in an annual payback of $2,880 – over 30 years. Damage from flooding,…
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Preparing Your Commercial Building for El Nino

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Forecasters are predicting one of the most intense El Nino weather patterns for this upcoming winter, and heavy rains are expected in large swaths of the West Coast. The roof is your commercial building’s first line of defense from the elements, including heavy rain and extreme heat. It is also the most vulnerable part of your building. To make sure it can handle this year’s rains, you should have in place a regular program of inspection, maintenance and repair. These activities should be part of your planning in order to prolong the useful life of your roof and make sure…
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