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Canada's costliest catastrophe is flooding. Is your business prepared?

CCEM Strategies

1 Of the top 10 most expensive natural disasters in terms of insurance payouts in Canada, floods are responsible for four. The Insurance Bureau of Canada states that the insured damage of this event was $675 million. Consider relocating equipment above the flood line and have a cloud-based backup. Be ready to clean up.

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Is Your Community Prepared for Flooding?

CCEM Strategies

Recovering from flooding can be challenging, particularly as insurance coverage may be limited, extraordinarily costly, or unavailable depending on the type of flooding (i.e., sewer backup versus overland flooding). Review and Enhance Flood Plans Your community already has emergency plans, and you may even have flood-specific plans.

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Hurricane Season: Tips for Your Severe Weather Response Strategies

Castellan

Confirm your IT systems and data backup procedures are comprehensive and up-to-date. Review your insurance policies to make sure you have flood and wind coverage as well as any coverage limits. It may also be helpful to have them develop a family emergency plan.