David Leng, CPCU, CIC, CBWA, CWCA, CRM
Best Selling Author | Speaker | Certified Risk Manager | Certified Work Comp Advisor
Author of #1 International Best Sellers
Laws of Insurance Attraction & Turning Premiums Into Profits
Insured to Fail
Coming Summer 2021!
Would you bet your entire business on a flip of a coin?
No rational business owners would do so, but statistics show otherwise...
The majority of businesses affected by a significant disaster either never reopen or close within 3-5 years. FEMA states that 40% will fail to reopen from such an event, and 25% will close within one year.
The scariest statistic comes from the Insurance Institute of Business & Home Safety who states that slightly over 25% of insured businesses will not reopen, and another 25% will go out of business within three years.
A flip of a coin!
And the Insurance Institute of Business & Home Safety's statistic does not contemplate natural disasters such as Hurricane Katrina!
When a disaster wipes out your business, will you reopen and survive? You are now most likely thinking, “YES! I have insurance that will pay to replace my building, equipment, inventory, computers, etc...”
But these statistics are showing that you are flipping that coin as these businesses were insured too!
The only reasons for the incredible, scary statistic in which over half of the business will go out of business even though they were insured are:
Why is that? You will learn directly from those survivors and those failures. In the book, Insured to Fail, we will explore what you should do to avoid being a statistic yourself.
Register today for notification of the book's publication!