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Risk in Context

Winter Storm Threatens Eastern US

Posted by Robert W. O’Brien January 22, 2016

A major winter storm is expected to hit the Eastern US through Sunday, January 24.

The storm, which threatens heavy snow, freezing rain, and blizzard-like conditions, reaches from the lower Mississippi Valley to Cape Cod, encompassing a wide section of the South.

Travel has already been severely affected, as airlines and some of the country’s most active airports have canceled and delayed flights in preparation. If the storm is as intense as expected, it could cause power losses, supply chain disruption, and property damage.

Get Ready

Although the full impact of the storm is yet to be seen, there are steps you can take now to prepare for its aftermath. Consider:

  • Reviewing your insurance coverage and your claims recovery plans.
  • Ensuring your business continuity, emergency response, and crisis management plans are up to date and ready to be activated.

Get Going Again

In the event that you experience a loss, consider the following:

  • Call your broker. Your insurance advisor can support your business recovery, especially in light of any service interruption issues or property damage.
  • Carefully track and document loss details, especially for any supply chain and service interruptions. This will assist in the accurate measurement and presentation of claims.
  • Account for affected colleagues. Ensure that human resources policies for dealing with temporary absences are well-understood at all levels, that roles and responsibilities are covered by others as needed, and that disaster-relief and humanitarian assistance plans are activated.

A proactive response can help you keep your people safe, minimize property damage, and recover as quickly as possible.

 

Related to:  Marsh Risk Consulting

Robert W. O’Brien

Robert O’Brien, managing director of Marsh USA, Inc. is a senior property claims officer of Marsh’s National Property Claims practice.