Donald Schmidt has 30 years of experience preparing for crises, and with Hurricane Earl still creating storms along the East coast we thought it was good timing to run an article by him regarding disaster preparedness in the latest Crisis Manager newsletter. A sampling:
Hazard mitigation can substantially reduce the damage caused by hurricanes. Property insurer FM Global compared the loss history of its policyholders that implemented its lossHurricane Evacuation Route Sign prevention recommendations with those with outstanding recommendations to complete. FM found that those policyholders that fully implemented its preparedness recommendations had on average 75% to 85% lower dollar losses than those policyholders that did not implement such measures.
Crisis management is not just for businesses, but individuals and families as well. By preparing for disasters before they occur you can greatly reduce the risks to life and limb, property, and your pocketbook.
The BCM Blogging Team
https://www.bernsteincrisismanagement.com/