Hurricane season presents significant legal and operational challenges for North Carolina businesses.
Whether it's a hurricane hammering your business, floodwaters threatening your property, hail damaging crops, or ice storms causing an extended power outage and disrupting your company, you've suffered harm from the worst that North Carolina weather has to offer. During the last five years, government shutdowns, supply chain disruptions, material price increases, and substantial and costly property losses resulting from natural disasters like Hurricanes Florence, Dorian, Isaias, and, most recently, Helene have highlighted for business owners the importance of making it a routine business practice to take stock of the types and extent of insurance coverages their businesses have in place.
This article provides North Carolina business owners with a list of legal topics for hurricane preparedness, drawing from the extensive expertise of Ward and Smith, a leading law firm with offices across the State.
Critical Legal Areas for North Carolina Hurricane Business Preparedness
1. North Carolina Business Insurance Coverage and Hurricane Claims Management
Avoiding the "Set It and Forget It" Insurance Mistake for NC Businesses
Regular review of your insurance portfolio is essential, particularly as your business evolves and risks change. Discuss with your insurance agent any changes in your business and determine whether increased coverages or additional policies may be needed.
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