Tag: natural disaster

What Is Force Majeure, or an “Act of God,” in Insurance?

Unexpected events can disrupt business operations, delay construction projects, and prevent organizations from meeting contractual obligations. From severe weather and natural disasters to government actions and other extraordinary circumstances, these events can…

Flood Readiness Starts Now: A Checklist for Businesses

Flooding can happen with little warning—and the impact on a business can be significant. From damaged property and lost inventory to operational downtime and lost revenue, a flood event can disrupt nearly…

What Is Parametric Insurance?

Extreme weather events have made insurance companies leery of offering coverage in disaster-prone areas. But insurance is necessary, and businesses are paying more for fewer coverage options in many locations and industries….