After a record year in 2020, the National Hurricane Center will begin issuing advisories in the Atlantic starting May 15 — more than two weeks ahead of the official start of the Atlantic hurricane season on June 1st. This year, forecasters predict an above-average 17 named storms out of the basin, four of which are expected to develop into major systems with winds of at least 111 miles per hour. In observance of National Hurricane Preparedness Week (May 9-15), it is now time for insurance agents and brokers to advise commercial clients on how to prepare their property and employees for a possible storm. "Even if you have a tried-and-true plan in place, now is the time to look at it with a fresh mindset," said Paul Isaac, SVP and loss control leader at QBE North America, in a press release. "Businesses have undergone significant challenges and changes in the last year that may not be adequately addressed in their disaster response plans, and the risks from pandemic are still present." Brokers should ask clients about any changes to their operations and property, including any employee workplace changes and new or updated equipment, and check current insurance valuations to make sure everything is updated, said QBE. QBE also recommends businesses create disaster response plans to mitigate property damage, ensure employee and customer safety, and limit business downtime after an event. It is also important for brokers to set realistic expectations for clients who may experience delays in recovery as the economy continues to pick up amidst the pandemic. For more tips from QBE on how business clients can prepare for the 2021 hurricane season, click through the slideshow above. Related: |
- These 8 items are critical to have in a pet emergency kit
- Catastrophe risk modeling in 2021: A delicate dance
- States with the highest potential for natural disasters
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.