What could happen:
Make it more difficult to get affordable insurance cover. The cost/availability/terms and conditions associated with your bank overdrafts, mortgages and tenancy agreements may also be affected.
What could you do
Check your insurance cover and improve it if practical. A 2006 AXA survey found that 90% of small businesses are underinsured - make sure you are not one of them! Also check that you know what information your insurer will require to support a claim.
Check for the latest advice on insurance and climate change from the Association of British Insurers (ABI).
Proceed to next step >Discuss the issue with your accountant or tax consultant
Develop a Business Continuity Plan
Proceed to next step >Prepare a Flood Plan to ensure that your business is fully prepared for flooding.
Proceed to next step >Check with suppliers about their approach to quickly replacing damaged stock if cash flow has been badly interrupted
Checklist
The checklist guides you through a series of questions to help you assess your business’ preparedness and identify practical actions you can take. Go to Checklist
Top Tips
The most important things you can do to climate-proof your tourism business. Go to Top Tips
Case Studies
Forward-thinking businesses are already preparing for climate change. To find out how, read our case studies
- Climate South East,
- Climate Southwest,
- Tourism South East,
- South West Tourism Alliance
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