Q: Given the disastrous effects of the two most recent hurricanes on both individuals and businesses, what can one do mitigate the financial impact of a natural disaster?
A: In addition to hurricanes, there are also tornados, floods, earthquakes, mudslides, and forest fires. Also man-made disasters like, riot, civil commotion and terrorists attacks.
The most obvious way to mitigate the financial effects is to purchase insurance. However, most homeowner and business owner policies do not automatically cover all of these happenings.