Flooding and hail storms can occur at any time of the year, but often peak as temperatures warm during the spring months. Losses can be catastrophic: events involving hail or flood accounted for nearly $30 billion in insured catastrophe losses in the 20-year period from 1996-2016, according to the National Oceanic Atmospheric Administration (NOAA).
With proper preparation, you can help mitigate the risks of an interruption to your business from the more radical and unpredictable weather including: hail storms, torrential rains and flooding.
Five Recommendations to Mitigate Flood Losses:
Create a flood preparation plan
Keep water out with barriers, sandbags and other devices
Relocate materials from lower levels. In some cases, this may simply mean placing stored items on one or two pallets, or moving items from lower shelves or racks to upper levels.
Review shut down procedures for affected processes, especially hazardous processes.
Check to make sure drainage, including roof drains, is open and flowing freely.
Preparing for such incidents can help safeguard your physical assets, as well as reduce the probability of a serious interruption to your business operations.
Four Tips to Minimize Hail Storm Losses:
Pre-planning with prevention measures is the key to successful loss mitigation. Last-minute protection actions are not feasible due to the random nature of damaging hail storms.
Consider upgrading your roof to an impact-resistant system, especially in high frequency hail areas. In the interim we recommend that roofs with rock ballast be maintained to provide an even ballast cover.
Provide hail protection for roof-mounted equipment based on the priority of importance to your operations. HVAC, cooling towers, process exhaust, environmental control, refrigeration and other such equipment may need protection. Many products are available to protect your specific equipment, or protection can be manufactured as specified.
Skylights are highly vulnerable to hail damage, resulting in considerable interior water damage. There are many products available to provide protection for these units while still allowing them to function in the intended manner.
CNA’s PrepWise Risk Control resources can help you prepare your business, property and employees to lessen flooding and hail exposures.
CNA Risk Control Services Insureds can submit additional Risk Control inquiries to RiskControl@cna.com. If you are interested in receiving CNA Risk Control services, please contact your local agent or broker regarding CNA insurance solutions.
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