The recent spate of winter weather has wreaked havoc from coast to coast over the last month, and businesses and their insurers are experiencing the damage first-hand. Munich Re's report on natural catastrophes in 2014 found that the unusually cold winter caused the greatest losses in North America, estimating that heavy frost, snowfalls and blizzards caused losses of $3.7 billion, with approximately $2.3 billion of them insured.
In addition to the damage caused to commercial property by adverse weather, businesses also have to count the cost of power outages, and the impact of blocked roads and school closures on productivity. So how can you support your clients, limit your exposure, and mitigate the losses caused by severe weather?
Assess the risk
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