Surf’s up! Hurricane season is a wild ride for business owners, so prep now

By a News Reporter-Staff News Editor at Insurance Weekly News -- So your home is prepared for a hurricane or tropical storm. Great! Be proud you have checked the boxes -- proper preparation pays off. But what about your business?

"Most Floridians are aware of the advantages of hurricane planning for their home," says Josh Helmuth, risk advisor at Lykes Insurance, a premier Florida-based commercial insurance firm. "But what about your business? As a reformed Florida surfer, I can tell you that the best (and biggest) waves occur during hurricane season from June 1 to Nov. 30. In other words, right now - surf's up and so should your planning be."

Now is the time to consider the implications of hurricane planning for your business. Two areas to focus on are insurance strategy and business continuity planning (BCP). Insurance will take care of paying you back after the storm hits and BCP will make sure that the business can operate following a loss.

Pre-storm is the time to review insurance policies to make sure they are written for your specific business needs. It's critical to realize that once a warning is issued, insurance companies will shut down underwriting and binding of insurance, making it impossible to buy the right policy.

Keywords for this news article include: Lykes Insurance.

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