Disaster-Proof Your Business Before Disaster Strikes

When my phone rings at weird times (after 11 p.m., and before 8 a.m.) my immediate thought is "Uh oh, someone's dead." That same thought went through the head of Yiorgo Aretos, a Las Vegas restaurateur, when he received a call at 7 a.m. He found out that it was not someone who died, but something—his thriving business.

This New York Times article recounts the horror Aretos went through when he woke up one morning and his business had, quite literally, gone up in flames. It's a business owner's worst nightmare, but from the ashes was born a new business attitude—and new opportunities.

The takeaway lesson here for those of you who have not had the misfortune of living through a business catastrophe: review your insurance policy to make sure you're covered in the event of a catastrophe—and if you're not, spring for better coverage. Read this article on NFIB.com to help you understand and evaluate your insurance needs. Then, review your policies to make sure you're covered.