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CFO Sink Hosts Small Business Roundtable in Orlando on Importance of Disaster Preparedness

5/21/2010

CONTACT: Nina Banister, 850-210-2566, or Jayme O’Rourke, 850-413-2842
 
ORLANDO— Florida CFO Alex Sink today joined Orlando Mayor Buddy Dyer for a roundtable with small-business owners to discuss the importance of businesses being prepared for disaster. The roundtable discussion included nine Orlando business owners and followed an hour-long presentation to more than 30 small business owners detailing different kinds of insurance policies and coverages, understanding how to measure the impact of business interruption and what documents will be needed to get any claim paid quickly.
 
“When you run a business -- big or small -- there is no more important way to protect your bottom line than to prepare for the disaster you hope never comes,” said CFO Sink. “We’ve learned from the recent BP oil spill the importance of having a plan, not just for a hurricane situation but for any disaster.”
 
“Each year, hurricanes threaten the safety of Florida families and the livelihood of local businesses in coastal and inland communities,” said Mayor Dyer. “By ensuring our businesses are equipped to respond quickly we can help our economy recover faster as well.”
 

The event is one of 16 free outreach programs CFO Sink’s Department of Financial Services is holding this week throughout Florida encouraging Floridians to “Insure, Secure and Recover.”   Participants in today’s roundtable included Richard Jaeckle - Disney Entrepreneur Center; Wilhelmina Tribble - Lowe Tribble & Associates; Jane Blankenship - Hosanna Building Contractors; Eva Pagan-Hill - Vitas Innovative Hospice Care; Yvonne Lamour - Family Physicians Group; Halah Abed - Audio Excellence; Marco Alebato - Brazil USA Magazine; and Tim Oldham – Red Cross Deputy Director of Emergency Services.
 
Three of the top reasons that claims are denied are:

  • Insufficient documentation
  • Lack of adequate insurance coverage
  • Not retaining proof of items damaged for the adjuster
CFO Sink is urging Floridians to take the steps to make sure that they have enough insurance coverage for their needs and make sure that they have everything properly documented. The roundtables and workshops will continue through November.
 
The workshops are being provided by the Department's Division of Consumer Services, Division of Agent and Agency Services, Division of Insurance Fraud, Division of State Fire Marshal and the Insurance Consumer Advocate’s Office in partnership with county and local Emergency Operations Centers, local Chambers of Commerce, the Institute for Business and Home Safety, the U.S. Small Business Administration, the University of Florida Extension Service, the National Weather Service and the American Red Cross.  Workshops are being held this week in Daytona Beach, Jacksonville, Pensacola, Okeechobee, Ocala, Port Orange, Punta Gorda, Orlando, Miami, Crestview, Tampa and West Palm Beach.
 
To request an event in your area, visit www.MyFloridaCFO.com or contact the Department’s Division of Consumer Services at 850-413-3089 or toll-free at 1-877-MY-FL-CFO (1-877-693-5236).
 
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