On the Bright Side: Preparing Your Business For a More Active Sun For Business Partner Magazine
In the latest article, “On the Bright Side: Preparing Your Business For a More Active Sun” in Business Partner Magazine by CIC Services’s Randy Sadler, experts warn that the sun is expected to be the most active it has been in nearly a century, leading to potential risks for businesses. Solar flares and electromagnetic pulses (EMPs) from the sun can threaten expensive electronics and disrupt power grids and communications. To mitigate these risks, companies should consider implementing physical safeguards for their circuits, which can be costly. Solar property insurance can help cover damages to solar energy devices and technology instruments caused by solar events, but it may not cover non-solar equipment. In such cases, captive insurance, where the business owns its insurance subsidiary, can provide tailored coverage. Consulting with a captive insurance company expert is recommended to determine the suitability of this approach for specific business needs.Continue Reading