One lesson coming out of Superstorm Sandy is that after an event is not the ideal time for companies to try to understand the extent of insurance coverage, says an executive with insurance broker Aon.

In a webinar on the aftermath of Superstorm Sandy, Neil Harrison, group managing director for Aon Global Risk Consulting, says the storm has raised awareness among chief executives and directors about the need to have a business-recovery plan in place. That plan includes understanding the insurance policy in advance to “make sure the coverage meets what is needed.”

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