High Water and Hard Truths: What Every Small and Mid-sized Business Needs to Know About Flood Risk
In September 2024, Tropical Storm Helene struck Western North Carolina and Eastern Tennessee, causing widespread devastation and completely submerging iconic areas such as Asheville’s Art District and Biltmore Village under floodwaters.
In a recent article published by SME Business Review, Randy Sadler of CIC Services highlights how the financial impact for business owners extended beyond rebuilding costs to prolonged operational disruptions. While many businesses depend on flood insurance for protection against natural disasters, they often find the coverage insufficient. Traditional flood insurance policies frequently have significant limitations and exclusions, leaving businesses vulnerable to unexpected risks. To mitigate these challenges, businesses must adopt a comprehensive risk management approach that includes customized insurance solutions tailored to their unique needs.
Read the full article here. Learn how captive insurance can protect your business from escalating flood risks.