We wanted to remind our clients who own small businesses to get business interruption insurance as the threat of El Nino and other disasters triggered by climate change continues to rise.
A new online survey of 500 US small business owners conducted by Nationwide revealed that 66% still lack business interruption insurance and 75% also don’t have a disaster plan in place.
Some of America’s small business owners may be feeling overconfident, even as we head into the spring storm season.
There hasn’t been a major US disaster in years, so there may be a sense of complacency. A survey found that small business owners, with least a moderate role in employee benefit selection, are split on whether climate change has increased or decreased the chance of a disaster affecting their company.
While small business owners are divided on the impact of climate change and El Nino on their company, 51% said some people would call them a “prepper.”