The Quest
Special Quest Edition

Aug. 26, 2011

              
Can your business weather the storm?
       
With a 5.8 magnitude earthquake striking Virginia and surrounding areas this week, and reports of Hurricane Irene hitting the Eastern Seaboard by this weekend, weíre reminded that natural disasters can happen at any time.

Damage from this weekís earthquake was sudden and far reaching, causing estimated damages of $100 million. Tremors were felt as far north as Maine and reached as far south as North Carolina. According to the American Red Cross, 45 states in every region of the country are at a moderate to high risk of an earthquake. In addition, Hurricane Irene could cause an estimated $330 billion in damages if she sustains her Category 2 strength all the way up the East Coast, the first hurricane to do so since 1956.

In disasters like these, itís important to keep you and your business safe by being prepared. At Avalon, we have our own business continuity planning to ensure our people and systems are available 24/7 to be there when you need us most. In the event of any emergencies this weekend, please find a list of cell phone numbers and email addresses for our management team. You can also email our IT Department at helpdesk@avalonrisk.com if you experience any technical difficulties with our Merlin system.

For your own business, Avalon works with top Property and Casualty insurers like CNA, Chubb and Great American that offer complimentary business continuity services as part of your Business Insurance program. Resources are also available to assist you in preparing for natural disasters, such as this Disaster Recovery Self-Assessment Checklist provided by CNA.

Maintaining the proper Business Insurance is an integral piece of your business continuity planning. In the event of a catastrophe, itís important to understand your insurance coverage.

Also consider the following implications for your business:

       

A disaster can occur at any moment, and itís important to work with strong, financially secure insurers. Businesses whose insurance is dictated primarily by premium costs may find that less expensive policies may often lead to less protection when disaster strikes. Avalonís comprehensive business insurance programs understand the nature of your logistics industry and protect the full scope of your operations. We stay current on industry trends to keep you informed and protected.
 

For more information, contact your local Avalon office or Andriana Davis at (847) 700-8087 or adavis@avalonrisk.com. Contact information for your local Avalon office may be found at www.avalonrisk.com.
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Avalon Risk Management
       
150 Northwest Point Boulevard | 4th Floor | Elk Grove Village, IL 60007
Phone: (847) 700-8100 | Fax: (847) 700-8116

www.avalonrisk.com

ATLANTA | BOSTON | CHARLESTON | CHICAGO | HOUSTON | LOS ANGELES
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The Quest newsletter is published quarterly and is designed to provide critical information to the transportation and logistics industry. Subscribers to The Quest also benefit by receiving policy change notifications, special industry information bulletins, and notifications of upcoming conferences. Avalon Risk Management is not responsible for the accuracy or reliability of information contained herein. The reader/user assumes all risk in the use of such information. Privacy Policy

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