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Residents of the Tampa Bay area, particularly in parts of Pasco County, experienced the unfortunate impact of flooding last week. Days of rain and a saturated earth around the Anclote River created circumstances that a local newspaper described as a “rinse-and repeat routine.” Parts of neighborhoods have been slogging through water for more than two weeks.
Businesses have suffered too. And, the Florida Department of Economic Opportunity is asking businesses how the flood affected them by inviting business owners in five affected counties to take an online survey to help the department decide which get immediate aid.
At the Governor’s Hurricane Conference this week, we delivered a presentation on what small-business owners need to know about insurance. It was titled “Coulda, Woulda, Shoulda” because, unfortunately, that’s a lament heard after disaster. If you own a business, do everything you can now to put your business in a position to survive.
There are dozens of business insurance coverage options, and a small business probably doesn’t need them all.
If you own a small business, there is a lot riding on you. And, if the business has a few key employees, they may be equally irreplaceable. Every one of you has prime value to operations, and losing one highly valued individual may cause a major setback. That’s why it’s part of a smart business strategy to make an investment in life insurance. Losses from the death of a key employee are insurable.
Does everything in your life work out exactly as you planned? Mine neither. Seems that life is nothing but Plan B—or something nearer the end of the alphabet. There are professionals who make a living planning for events other than the Perfect Day. I got to deliver a presentation on the Florida insurance market and business preparedness to a group of them recently, the Tampa chapter of the Association of Contingency Planners (ACP).
Santa checks his list twice, and so should you. Check your lists of credit cards and debit cards expenditures monthly to verify that purchases listed are yours alone—because some security experts suggest that data breaches will get worse before they get better.