Anticipating risk is just as important as forecasting profits
With climate, technology and hazards within and outside premises, on top of business insurance, business owners need to have a risk management plan in place. Nearly 86% of of small and medium businesses fail within three years of a major emergency if no preparedness plan is in place1. With the right insurance coverage, some preventative measures and a plan for when they are impacted, businesses can help to ensure they are back up and running in no time.
Here are some tips to help businesses get started.
Did you know? The December 2013 ice storm in southern Ontario and Eastern Canada resulted in $200 million in insured losses.