In 2017, an estimated 116.5 million came to visit Florida in spite of the natural disasters that hit the state. This is equivalent to around 3.6% increase from the previous year –a new state record. On the downside, the state also lost an estimated 1.8 million visitors when Hurricane Irma struck which is equivalent to a loss of $1.5 billion in potential revenues.
Unfortunately, recent reports reveal that many business owners suffered significant losses because of Hurricane Irma – an effect that continued for several months. Some owners spoke with a heavy heart about delays in business construction, damages to their structure and roads, and a severe drop in foot traffic.
Even more distressing is the announcement last April 1 that flood insurance rates have increased by 8% for the average premium to 25% for high-risk zones which include business properties. For residences in high-risk zones, the rate increased by 11%. Accordingly, this new rate is unrelated to the effects of last year’s hurricane season but because of two congressional decisions to help ease the National Flood Insurance Program which is buried under steep debts amounting to $25 billion.
Practical Strategies to Avoid Long-Term Effects of Hurricanes and Floods
Here are efficient and cost-effective business strategies you can adopt this year to protect not only your business, but also the business building.
- Every year at least two months before hurricane season, have a professional inspect your building. This kind of certification will only bode well for you as it improves the confidence level of your employees, clients, customers, suppliers, and investors.
- If your business is located in a medium to high-risk zone, consider installing hurricane impact windows and doors. This can prevent indoor flooding, damage from flying debris, and keep your building safe from structural damage.
- There are other measures to protect your structure like roof ties.
- Trim trees and plants located near your building right before a hurricane lands
- Train your employees about protective measures before, during, and after a storm
- Consider having a backup business location away from the medium to high-risk zone in case access to your business becomes too difficult after the hurricane. This way you can still keep your business going soon after the storm leaves.
Finally, set aside a hurricane fund that you build up slowly over the years to cover new hurricane features and expenses. This fund should be separate from your operating funds so your business operations won’t struggle to stay afloat during the period immediately after the hurricane.
For all your hurricane impact window and door needs, contact us at East Coast Windows and Doors– your friendly professional window and door experts.
