This blog has previously discussed what business owners need to do to guarantee that even if the power goes out, their company can stay profitable. No one who runs their own organization can guarantee that a powerful storm will never impact their property, or that the business will never fall upon hard times. What is important though, is to keep a company prepared for numerous situations.
Any time that a company's doors are closed will mean a loss in profits. Having the right Nevada business insurance policy can help small to medium-sized business owners in that state remain confident that their company will have long-term success.
For example, Nevada business owners can look toward the Midwest to gain a better understanding of what severe weather could do to an organization. Toward the end of June, Minnesota experienced far-reaching power outages—over 600,000 residents and businesses were left in the dark for days. Minnesota Public Radio said that it was the state's largest power outage.
Sean Grasz, manager of Longfellow Grill in south Minneapolis, told the Star Tribune how his restaurant was closed from 9 p.m. on Friday to 11 a.m. Saturday. According to Grasz, his business experienced about a $5,000 loss in business, staff time and food waste.
Even so, Grasz told the news source that he knew that it could have been worse. Some items were able to be saved because the manager found dry ice from a local distributor.
"We were one of the lucky ones," he said.
Nevada will experience different weather from Midwestern-area states, but regardless of location, business owners need to account for times that keep the company's doors closed. Commercial property insurance and other policies are necessary to keep organizations profitable.