TPG Hurricane Safety Blog Post

Hurricane season is in full swing and while it may be easy to overlook the importance of evacuation/preparedness details due to the current pandemic, it’s even more imperative not to be caught unprepared. Before, during, and after a hurricane can be an incredibly stressful and frantic time. According to the CDC, it’s important to know how the Covid-19 pandemic can affect disaster preparedness and recovery, and what you can do to keep yourself and others safe.

Below are some tips on how you can prepare, evacuate, and shelter during severe storms while remaining safe from the coronavirus.

Prepare

  • Given the current state of the coronavirus, it may take more time than it would have prior to prepare your emergency food, water, and medical supplies. While some do not have the option to have their supplies delivered, it is the safest route. If delivery is not an option, follow steps to protect yourself and other’s health when running essential errands.
  • Updated plans regarding shelters (including shelters for your pets) and evacuation are important to monitor.
  • COVID-19 vaccines help to protect you from getting sick or severely ill with COVID-19.

Evacuate

  • Preparing a “go kit” with personal items that are necessary in case of evacuation is a good idea. Items should include alcohol hand sanitizer, bar or liquid soap, disinfectant wipes (if available), and multiple, clean masks for those older than 2 years of age.
  • Make sure you have several ways to get weather alerts. The National Weather Service cell phone alerts external icon, or (@NWS) Twitter alerts are great resources.
  • It’s important to check if your area’s local public shelter is open if you need to evacuate your house. It’s also important to keep in mind that your designated shelter may have changed this year due to COVID-19.

Shelter

For those residing outside of their household with family or friends to avoid the storm:

  • Check-in with those you plan to stay with to ensure the proper precautions are taken to protect against COVID-19.
  • If your households include someone with a higher risk of developing severe illness from COVID-19, make sure everyone knows how to keep them protected.
  • It’s important to continue practicing everyday preventive actions, like covering coughs and sneezes, washing your hands often, and avoiding touching your eyes, nose, and mouth with unwashed hands. It may even be necessary to take extra precautions for people living in close quarters.

As always, your Prewitt Group team is in place to provide guidance, manage claims that may occur, and most importantly, protect you and your family as if you are our own.

Source: https://www.cdc.gov/disasters/hurricanes/covid-19/prepare-for-hurricane.html

TPG Hurricane Safety Blog Post

TPG Friday LI

Brian Fleury assists in answering this week’s FAQ. Brian joined The Prewitt Group in 2019 as a Personal Lines and Small Commercial Distribution Leader.

Long-term care insurance helps pay for a wide range of services for those who need it and is mainly designed to assist with costs of custodial and personal care. While most of these services do not include the cost of medical care, coverage can include staying in an assisted living facility, nursing home, or adult day care. These policies pay for the cost of care due to chronic illness, an injury, or a disability. Often, just the effects of aging requires people to need help, and long-term care coverage can help.

As you go through your financial planning process, it’s important to understand long-term care costs as you approach retirement age. We have risk advisors that can walk you through this process and make sure that you are covered properly.

How to Prepare Your Business for Disaster

Did you know that 40 percent of businesses fail to reopen following a disaster? According to a report from the Federal Emergency Management Agency (FEMA), another 25 percent of businesses fail within a year following a disaster. From natural disasters to cyberattacks, your business is at risk of facing downtime following an unfortunate event. In fact, more than 50 percent of companies experienced a downtime event in the past five years that last longer than a full workday.

Recovering from any disaster can be expensive and burdensome to your business, so it’s important to be prepared for emergency expenses and protect your assets with insurance. The saying, “Time is money” certainly applies in business, so minimizing downtime in case of an emergency is imperative.

Prepare for emergency expenses by:

  • Identifying your monthly financial obligations.
  • Creating an emergency fund to purchase supplies or equipment.
  • Having a credit card or line of credit available.
  • Establishing a payroll policy for during and after a disaster.
  • Establish clear strategies for controlling costs in a disaster situation.

Protect your assets with insurance: Meet with an insurance consultant to make sure you have the proper coverage for the disasters and risks your business faces. If you already have policies in place, review them with your insurance consultant to make sure you understand your deductibles, the limits of your insurance and the nature of your coverage. After all, there are many different types of coverage, all of which are subject to limitations and exclusions. For instance, some policies do not cover flood or earthquake damage, so you may need additional protection. In today’s world, you may want to consider obtaining cyber insurance to protect your business from data breaches and cyber-attacks. The Prewitt Group offers various commercial coverages including commercial property, commercial umbrella, boiler and machinery, business automobile and more.

All in all, when it comes to emergency preparedness, focus on prevention and protection. Effective preparedness can benefit the recovery process. It’s important to assess your risks and take steps to minimize damage and downtime.