The devastating storm floods that swept the North of England in December 2015 resulted in insurance payouts of more than £1.3m. Though much of the media attention rightly focused on the damage caused to people’s homes and lives, emergency payments exceeding £15m were made by insurers to help businesses cover staff salaries and the costs of alternative premises.
Whilst we cannot stop Mother Nature, JLT Specialty can help businesses to prepare for such events like flood disasters. A rigorous business continuity plan can ensure that, if flooding does occur, damage and business interruption can be minimised. This plan should include actions to be taken before as well as after any potential flooding:
Before a flood:
After a flood:
If you are concerned that your business may be vulnerable to flooding this winter or you would like assistance with managing flood risks, please contact Sally Swann at JLT Specialty on 0121 633 3377 or email firstname.lastname@example.org