You have a considerable investment in your mobile assets. While they may be covered by insurance if involved in a flood, the devastation to your business could be significant including loss of business if you cannot respond to customer needs.
Exposed vehicles and equipment often require substantial cleanup and may be unusable. Even worse, the damage caused from water, mud and debris may create unseen problems that continue to harm vehicle performance long after flood waters have subsided.
Consider the following practical advice to help protect your mobile assets:
Designate an alternative location where vehicles and assets can be moved to higher ground.
Prioritize vehicles and equipment.
Assign key personnel and their responsibilities.
Decide how to move the vehicles and equipment.
Establish a base at the new location.
Once the plan is created, formalize a system to monitor weather conditions when assets are exposed to a flood risk to know when to implement.
Why it matters
Floods are the number one natural disaster in the U.S. Flooding can occur anytime due to severe conditions such as tidal flows, runoff, clogged drainage systems and wind-driven rains. While you may think a flood can’t happen to you, keep in mind that more than 20% of all flood insurance claims filed with the federal government’s National Flood Insurance Program come from businesses and individuals outside of mapped high-risk flood zones.
The information included is designed for informational purposes only. It is not legal, tax, financial or any other sort of advice, nor is it a substitute for such advice. The information may not apply to your specific situation. We have tried to make sure the information is accurate, but it could be outdated or even inaccurate in parts. It is the reader’s responsibility to comply with any applicable local, state, or federal regulations. Nationwide Mutual Insurance Company, its affiliates and their employees make no warranties about the information nor guarantee of results, and they assume no liability in connection with the information provided.