This storefront in Millburn, New Jersey, sustained expensive water damage as a result of Tropical Storm Ida in 2021. (DW labs Incorporated/Shutterstock)
Water-related events can be particularly devastating in buildings with extensive damageable interior finishes such as carpeting, drywall and furniture — all which are significantly more vulnerable to water damage than buildings without these finishes.
While many companies have risk management programs that address various types of incidents and crises, most are not aware of the water damage risk. This significant gap in their incident management framework can ultimately reduce their ability to effectively respond and recover from such incidents.
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