Bauer Business Focus

Tune in to News 88.7 FM’s morning segment every Friday at 6:35 a.m. and 8:35 a.m. to hear Bauer faculty and business experts discuss business news, trends and issues.

Dan Jones | May 31, 2013

Published on May 29, 2013

Dan Jones, clinical assistant professor of insurance and risk management at the C. T. Bauer College of Business, stopped by Bauer Business Focus recently to discuss what the upcoming hurricane season has in store and what businesses can do to prepare.

On Bauer Business Focus — A conversation on preparing businesses for the upcoming hurricane season with Andrew Schneider, business reporter for KUHF 88.7 FM.

NOAA’s Climate Prediction Center forecasts the 2013 hurricane season to be extremely active, predicting 13 to 20 named storms, with seven to 11 of those becoming hurricanes. With these numbers well above the typical season, many businesses need to plan ahead, according to Dan Jones, clinical assistant professor of insurance and risk management at the  C. T. Bauer College of Business at the University of Houston.

Jones stopped by Bauer Business Focus recently to discuss what business owners can do to prepare for the upcoming hurricane season.

“The way to protect against losing business is with insurance, unless you can move your business away,” Jones said. “There is a type of insurance called business interruption that is designed just for that type of threat.”

While having insurance is a great way to protect your business, he added, businesses do have additional options.

“Financially, there is not much you can do because you need the money now, but physically,  businesses can do certain things,” Jones said. “You can buy flood coverage from the government, but there are limits to that.”

Click here to hear the full interview.

Posted Under: BBF

Leave a Reply

Your email address will not be published.