News sources cover the physical destruction from tornadoes, hurricanes, floods, drought, wildfires and winter storms, but what is less visible is the economic impact on small businesses in communities over a prolonged recovery period. Noting the contributions of small businesses to our economy, this article shares the importance of contingency planning and risk management.
Source: Grist, August 4, 2025. Link.
When climate-driven disasters strike, the impact on <small businesses> can be particularly devastating and prolonged.”
INSIGHTS: For independent practices and pet services businesses, managing risk from climate-related events and the potential liquidity consequences remains an important consideration.