Companies face more than just physical damage from natural disasters; they also experience financial losses from being forced to halt operations for a period of time. (iStock)
Even the best-run small businesses face the risk that external factors beyond their control, like a natural disaster, could derail operations.
A recent joint survey conducted by Insureon and Manta revealed that approximately 60% of small business owners don't have either a formal disaster recovery plan or business interruption insurance, both of which could help them bounce back if an unforeseen event like Hurricane Florence forces their business to temporarily close.
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