40% of Businesses Never Reopen Following a Disaster

federated insurance - Safety and risk management - disaster preparation
June 11, 2024
By Federated Insurance

Severe weather and natural disasters continue to occur regularly across the United States. The aftermath can be devastating, leaving businesses damaged or destroyed. In fact, 40% of those never reopen their doors again. This summer, Federated Insurance® is reinforcing the message that you can’t control the weather, or always prevent disasters, but you can plan ahead to increase the chances of your business recovering.

On Tuesday, June 11, Federated Insurance will be sending member clients an informative email highlighting the regionally-specific severe weather and natural disasters that could impact them. The email will connect member clients with:
A Hurricane Preparedness and Recovery Plan
A Tornado Preparedness Plan
A Wildfire Safety Zone Guide
• Additional severe weather and disaster training resources are located in mySHIELD®, Federated’s personalized and customizable source for risk management resources available to clients.

Federated® is encouraging member clients to take action today with the help of disaster planning and recovery risk management resources. To discuss your unique disaster planning needs, reach out to your local Federated Insurance marketing representative.

1. Forbes. Why Disaster Recovery is No Longer Optional For Today’s Businesses. Accessed 5/13/2024.

About Federated Insurance
Founded in 1904, Federated Insurance is a national insurance and risk management organization that serves the property, casualty, and life insurance needs of clients in select industries. The organization has more than 500 recommendations from local, state, regional, and national associations and buying groups and is rated A+ (Superior) by industry analyst A.M. Best®.

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