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Business income risk by the numbers

Infographic transcript

Five unique risks that impact business income

40% of businesses never reopen after a disaster                                          
65% of small businesses call a shutdown a top concern          
51% of businesses don't have a business continuity plan in place

Key risks to consider
Operational seasonality or primary customer 
��    Identify and document peak sales data
��    Determine worse case scenarios for extra expense limits

Unique critical equipment 
��    Secure equipment rental option
��    Keep spare parts
��    Pre-arrange outsourcing 

Unique location, building or processes 
��    Special building structures for storage, controls or machinery storage
��    Proximity to critical suppliers or customers or availability of utilities 
��    Special permissions for building reconstruction 

Time to return to full operations  
��    Natural catastrophe which limits labor/materials
��    Zoning changes 
��    Long lead times 

Interdependent locations 
��    How does an interruption at one facility affect other locations?
��    Does one location have 40% or greater impact to production?

Steps to take today
��    Make sure businesses have continuity plans
��    Review business income insurance at each renewal
��    Visit our business income resource page at hanover.com/BI

This material is provided for informational purposes only and does not provide any coverage. For more information about ����� visit our website at www.hanover.com

 ©2023 ����� Insurance Group. All Rights Reserved.

Sources: FEMA, Hanover Small Business Risk Report, Mercer