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With above-average activity predicted for the 2007 Atlantic Hurricane season
beginning June 1, the U.S. Small Business Administration (SBA) is urging
homeowners, renters and businesses across the country to take steps now to
protect their lives, property and businesses. In this series we’ll examine ways
that the SBA recommends you can safeguard against potential disaster.
“The tornado that devastated Greensburg, Kansas, and the nor’easter that
caused flood losses in several Northeast states are reminders that no matter
where you live, there’s always a possibility of a major disaster,” said SBA
Administrator Steven C. Preston. “Every threat, from wind storms, floods and
wildfires, to power outages and computer system failures remind us to be
proactive when it comes to having a plan to survive the disaster and recover
quickly.”
The SBA stands by, ready to assist in the event of a disaster. During fiscal
year 2006, the SBA approved more than $11 billion in disaster loans. Most of
those loans went to Gulf Coast residents who suffered losses after Hurricanes
Katrina, Rita and Wilma.
Preparing for the worst-case scenario will ensure a quicker and less costly
recovery. Hurricane season disaster preparedness for homes and businesses should
include:
A solid emergency response plan. Find escape routes from the
home or business and establish meeting places. Make sure everyone understands
the plan beforehand. Keep emergency phone numbers handy. Business owners should
designate a contact person to communicate with other employees, customers and
vendors. Individuals should have an out-of-state friend or family member as a
single point of contact.
Adequate insurance. Disaster preparedness begins with having
adequate insurance coverage—at least enough to rebuild your home or business.
Homeowners and business owners should review their policies to see what isn’t
covered. Businesses should consider “business interruption insurance,” which
helps to cover operating costs during the post-disaster shutdown period. Flood
insurance is essential. To find out more about the National Flood Insurance
Program, visit the Web site at http://www.floodsmart.gov/.
In the next part of this series we’ll study additional ways to protect
yourself against potential damage. | 
