Business Interruption & Disaster Insurance Explained & Redefined
“When you think about what you are claiming from an insurance perspective, it’s partly property damage, but it’s largely also business interruption. So, your lack of sales, your lack of being able to produce things, your lack of being able to distribute things.” Tina Kirby on Electric Ladies podcast
While you’re reviewing your insurance policies during this pandemic to see if it covers your business being ordered closed due to this pandemic, it’s a good time to review it for disasters of any kind, including climate change-related ones. Many business owners and homeowners found during hurricanes like Harvey and Maria that their insurance policies did not cover them as they thought they would. Because of this and since experts predict more extreme weather events, today we’re examining what insurance CAN be for how we really live, work and play.
Listen to this enlightening interview of Tina Kirby with host Joan Michelson. Tina is head of Insurance Innovators and spent about 25 years in the insurance industry, on every side of it, and is now working full time to reinvent it for the benefit of all parties involved. (This was recorded under our previous name, Green Connections Radio.)
You’ll hear:
- How to decipher your current insurance policy and questions to ask before you renew it again.
- Three steps for how your insurance policy could better mitigate your risks.
- What to do if your insurance company says you’re not covered for the damage you incurred.
- How to build a movement in your community to pressure your elected officials and insurance commission to make the changes the community needs for realities on the ground today.
- Plus great career advice!
“I would begin with what your passion is…and look for links between what you do and that passion you have, or that purpose you would like to see in your company…And be curious and open-minded and help out wherever you can.” Tina Kirby on Electric Ladies podcast
Read my Forbes blogs about this too: 10 tips for insurance that works for you and about business interruption insurance in a pandemic.
What questions do YOU have for Tina Kirby? Tweet them to us @joanmichelson or post them on our Facebook Page — and ask to join our private Facebook group.
You’ll also want to listen to:
- Rawlings Miller of WSP on developing a climate resilience plan for your community or business.
- Kathy Baughman McLeod of the new Atlantic Council Resilience Center, on climate resilience preparation.
- Beth Gibbons, Executive Director of American Society of Adaptation Professionals (ASAP).
- Robin Currey, Prescott College, on creating a sustainable food supply.
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