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September 11, 2018
Episode 009

Prentice McIntosh, Vice President of risk management at Stephens Insurance, discusses the impacts hurricanes can have on businesses and how preparation ahead of the storm can ensure businesses are appropriately covered.


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Small Business Hurricane Survival Guide: Do You Have a Plan?

In 2017, total losses from Hurricanes Harvey, Irma, and Maria were estimated to be in excess of two hundred billion dollars. Prentice McIntosh, a vice-president of risk management at Stephens Insurance, talks about the importance of small businesses having a comprehensive hurricane preparedness plan to help them minimize damage and losses.


Any plan needs to look at all the potential areas of a small business that could be impacted by a hurricane or natural disaster. That means looking at the physical operation as well as thinking about staff, IT, and financial losses. There is no “one size fits all plan,” but it should be comprehensive and take into account what a small business need to do before, during, and after the disaster, and include appropriate insurance coverage for those risks that can’t be mitigated.


Writing it out is one thing, but it also makes sense for a small business to do a tabletop drill, because there’s a lot a small business can learn while going through such an exercise. This is also a good time to make sure you have a communications plan and that team members have different responsibilities assigned to them, and that they understand those responsibilities.


An insurer’s loss control and risk management group can help a small business write, assess, and revise its hurricane preparedness plan. A plan should also include those services that might be needed to get up and running again – roofing, construction, water extraction, etc. Ahead of a disaster, it’s a good idea to touch base with these providers so you’re not at the bottom of their list when you need them.

Prentice McIntosh

Hurricane Season is Here - Being Prepared is Key

The Small Business Hurricane Survival Guide

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