NY Business Insurance: Extremely Active Hurricane Season Expected

NY Business Insurance Extremely Active Hurricane Season ExpectedNY Business Insurance: Extremely Active Hurricane Season Expected

The National Oceanic and Atmospheric Administration’s Climate Prediction Center released a 2013 hurricane outlook report, according to the New York Daily News. The report predicts there is a 70% likelihood that there will be three to six major hurricanes this year with winds reaching above 111 miles per hour.

The six month hurricane period began June 1. Forecasters anticipate approximately 13-20 named storms (winds of 39 mph or higher). Of those predicted storms, seven to 11 could become hurricanes, classified as having winds 74 mph or higher.

The report predicts a hurricane season that is higher than the usual activity. The seasonal average is 12 named storms, six hurricanes and three major hurricanes. Of course, the effects of Hurricane Sandy are on the minds of all New Yorkers, especially as business owners and residents are still recovering from the lasting effects of Sandy. The Atlantic coast’s last season was high as well: it produced 19 named storms, 10 hurricanes and two major hurricanes Sandy and Michael.

While the seasonal hurricane outlook doesn’t predict where or how many will hit land, it is important for New York business owners to prepare now. Developing a hurricane preparedness plan and making sure you are properly covered are essential precautionary measures you should take.

At the Rubin Group, we’ve seen the increase in the number of natural catastrophes over the past few years. We know it is more important than ever to cover your business against such unforeseen losses. At the Rubin Group we will sit down with you to review your current policy and examine how well you are covered against flooding or high winds. Contact us today for more information.