When earthquakes, wildfires, tornadoes and hurricanes hit, employers turn to their property and casualty insurance policies. But these events impact employees, too. For this reason, no plan can be complete without disaster-ready employee benefits.
Disasters can be as hard to prepare for as they are to predict. And after the event, there’s the clean-up. For example, with severe flooding and high winds, hurricanes are consistently one of the most costly natural disasters impacting the United States each year; the average cost of a single domestic hurricane is around $21.6 billion.