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After Irene, What Business Owners Need To Know About Insurance

Posted on September 15, 2011

Gotham Brokerage is the best NYC business insurance resource for owners

street scene, photo courtesy Eguchi Shintaro/Creative Comments

Irene turned out to be more of a nuisance than a disaster for New Yorkers. But as downtown business owners — who a decade ago had their livelihoods disrupted by 9/11 — can tell you, it’s important for businesspeople to prepare for disaster, whether it’s caused by a terrorist attack or a hurricane.

Some advice for business owners if disaster strikes:

Irene could have been much, much worse. Downgraded to a tropical storm from a hurricane by the time it arrived here, Irene still packed winds that reached 65 miles per hour when it hit New York City. Irene was the largest storm to hit the city in more than 25 years, and the suburbs took the hardest hit.

With most businesses closed, and most workers at home, the economic costs will be high. Peter Morici, a business school professor at the University of Maryland, told The New York Times that lost sales and storm damage in NYC alone could total $6 billion.

We at Gotham Brokerage know what it is like to sort out business damage after such and event. Before the next storm is on the way, review your business insurance coverage at Gotham, a family-owned business with offices in lower Manhattan. We’re happy to advise business owners throughout the Tri-State area. Call or email us today for a quote on a commercial policy that will cover your needs.

After all, it’s never a matter of IF something will happen, it’s WHEN.

Gotham Brokerage Co., Inc. is a family run insurance brokerage serving New Yorkers for over 50 years. We specialize in the insurance needs for those living in the city and provide a full range of insurance products designed specifically for the city.