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Special Quest Edition |
Aug. 26, 2011 |
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Can your business weather the storm? |
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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, we’re reminded that natural
disasters can happen at any time.
Damage from this week’s 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, it’s 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, it’s important to
understand your insurance coverage.
Also consider the following
implications for your business:
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A disaster can occur at any moment, and it’s
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. Avalon’s 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.
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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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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
MIAMI | NEW YORK | SAN FRANCISCO | SEATTLE | TORONTO
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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.
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Copyright © 2005. Avalon Risk Management. All Rights
Reserved. |
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