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On July 5th 2019, a 7.1 magnitude earthquake struck Southern California, forcing many businesses to shut their doors. In its wake, journalists Tim Arango and Thomas Fuller reported that the “Dodger Stadium swayed. Rides at Disneyland were evacuated, and so were movie theaters in Los Angeles. Near Palm Springs, pools sloshed and chandeliers at a casino rocked. And in the Mojave Desert town of Ridgecrest, Calif., fires roared, power went out and grocery store shelves came crashing down.”
With reports of aftershocks for months to come or even potentially larger earthquakes, the financial damage from the quake, as well as the physical injuries, has everyone, including business owners, wondering what, if anything, they can do to prepare.
To protect your company and employees, you need to understand how you can start preparing for the next major earthquake today. Keep reading to discover information that can help you prevent or mitigate the damage that comes in the wake of an earthquake.
Earthquakes--no-notice events that can’t be predicted--have devastating effects on companies and their employees. You can reduce the impact of an earthquake by making sure your company has an emergency plan, checking for hazards in your workplace, conducting regular earthquake drills, and having a disaster supply kit on hand.
You and the key stakeholders in your company should establish an emergency plan ahead of time. Your employees will thank you in the event of a natural disaster because a strong plan will ensure their safety.
An earthquake can strike at any time, leaving you scrambling to get to safety. But you can reduce the risk of injury or death to your employees simply by identifying and minimizing common hazards beforehand.
One of the best ways to make sure your employees stay safe during an earthquake is by practicing what to do in the event one happens.
To run an effective earthquake drill, follow these six components:
You can also help mitigate injuries in the aftermath of an earthquake by having a disaster supply kit on hand for your employees to use. After an earthquake, you may have limited access to food, water, and critical information.
You’ll want the disaster supply kit at your office to have, at a minimum, the following:
For your company to be able to use the kit in the event an earthquake hits, be sure to store it in a safe place that’s easily accessible during an emergency. Make sure that key personnel have access to, and know where, to locate the kit.
You can help protect your business even further by purchasing insurance specifically for damage caused by earthquakes. You can purchase earthquake insurance through an earthquake endorsement, which is an add-on to the standard Business Owner’s Policy, or as a separate policy.
Immediately after an earthquake hits, insurance companies typically stop selling earthquake insurance. This period where they refuse to sell earthquake insurance--known as a moratorium--can last up to three months. When and for how long an insurance company will refuse to sell is specific to the insurer. What this means for you is that you should get earthquake insurance immediately once a moratorium period ends so that you can make sure you’re ready for the next time.
Leap | Carpenter | Kemps Insurance Agency has years of experience helping clients prepare for and handle the aftermath of natural disasters, including earthquakes. We can help you understand and make sure that you have the right insurance for your company to survive--and even thrive--in the wake of an earthquake.
Contact us today to see what we can do for you.
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Leap | Carpenter | Kemps Insurance Agency provides Commercial Business Insurance, Employee Benefits, Life and Health Insurance, and Personal Insurance to all of California, including Merced, Atwater, Los Banos, Mariposa, Madera, Fresno, Modesto, Turlock, and Stockton.
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