When we think of tsunamis, tropical locations are more likely to come to mind. Who can forget the most devasting one in history, when in 2004 a Boxing Day earthquake in the Indian Ocean caused tsunamis across south and southeast Asia.
Canada's costliest catastrophe is flooding. Is your business prepared?
Floods are the costliest natural disaster in Canada in terms of property damage. Of the top 10 most expensive natural disasters in terms of insurance payouts in Canada, floods are responsible for four.2 We all remember the November 2021 atmospheric river in BC. The Insurance Bureau of Canada states that the insured damage of this event was $675 million.
PREPARING COASTAL BUSINESSES FOR THE BIG 3 — #1 TSUNAMI’S
Coastal towns are a popular tourist destination due to the picture-perfect views and stunning fiery sunsets over the ocean. Poseidon, the great Olympian god of the sea, rivers, floods and earthquakes, highlights the need to be prepared. After all, there are certain consequences faced when operating a business within the vicinity of such beauty and you never know when the earth may start to shake or the water and waves will rise. A disaster as tragic as any Greek myth may happen at any time – are you ready to combat the great Poseidon when the time comes?