"Preventative measures and foresight are some of the greatest demonstrations of quality operations and risk management aptitude and likely result in managing a business's total cost of risk to a lower price point with more resilient ongoing operations," said Scott H. Steinmetz, P.E. Global Head MidCorp ARC, Allianz. (Photo: AP Photo/Dan Steinberg)
In the midst of the hottest, driest months of the 2019 wildfire season, the risk for businesses and properties in wildfire-prone states is at its peak.
According to FEMA, more than 40% of U.S. small businesses do not reopen after a natural disaster, including a wildfire. Worse, among those that do reopen, 25% close their doors over the following two years.
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