Preparing For Storms: Five Focal Areas
Calculate property values, potential business interruption exposures and replacement costs.
Understand Costs
Build internal and external teams to remediate damages.
Establish A Response Team
Conduct table-top exercises with business continuity and facilities teams responding to various scenarios.
Test, Tweak And Refine
Communicate
Well-defined roles and responsibilities across teams, established well in advance of an event, can help speed up the response without duplication of efforts or mixed signals.
Assign Clear Roles
Identify communicators and assign distinct
decision-makers: insurers, claims teams,
emergency restoration contractors, etc.
During a crisis, a lot of information comes
in very quickly, so a transparent and up-to-date communication plan is necessary to ensure
safety and the right response.
Identify key response experts (such as
claims leaders and claim advocates)
before a loss occurs. This will mean better preparation to execute response strategies should a storm affect your locations.