For business owners in Nevada, Hurricane Sandy might seem like an event that happened on another planet. The East Coast was ravaged last October, but what does it mean for small- to medium-sized companies located in the southwest and western areas of the United States?
Unless an organization has the right Nevada business insurance policy, recovering after a natural disaster could be time consuming and expensive. Owners could easily go bankrupt by funding repairs out-of-pocket. Relying on family members and loans could be temporary fixes, but how can you regain the money lost from not being open? Lost time equates lost money, and a combination of certain policies could help businesses across numerous industries bounce back as quickly as possible.
For example, companies in southern New Jersey are still feeling the aftershocks from last year's superstorm. According to the Press of Atlantic City, several businesses have been having trouble keeping a constant power supply running through their buildings. In addition to Hurricane Sandy, a powerful derecho caused severe damage toward the end of June 2012.
Kenny Sharretts, owner of Reliable Power Plus—a company that sells backup generators and co-generation equipment for home or business use—explained to the news source that his biggest market lately is smaller companies. Specifically, organizations that are working to recover after severe weather has blown through the area.
"When we had the derecho and then Hurricane Sandy, people were out of power for days—not hours—and they really started to take a hard look at how much money they were losing in their business," he said.
By partnering with commercial insurance specialists, company leaders can find the right Nevada business insurance for their firm, no matter how niche it may be.