Hurricane Florence will affect the U.S. east coast later this week with significant damage to property and resulting business disruption. Businesses far-removed from the impact zone also will be affected as manufacturing, retail, travel and supply chains, among other industries, are disrupted by the physical damage. For those in the impact zone, knowing the fundamentals about your property insurance is critical. For those in remote locations, now is a good time to refresh yourself as well, since post-storm disruptions and losses require prompt notice to insurers and fast action to help mitigate any resulting loss. A failure on either front could jeopardize coverage.
In a Hurricane Preparedness Client Alert published yesterday, the Hunton Andrews Kurth insurance team provides sage advice for any business that might experience damage or disruption, whether direct or indirect, as a result of Florence’s landfall, as well as a summary of the many types of coverage typically found in a commercial property policy. The Hunton insurance recovery team stands ready to assist those who might be affected.