Disaster preparation goes far beyond insurance: exec

Feb 08, 2013 | 12:05 PM | Corinna Petry

Tags  Association of Steel Distributors, disaster preparedness, Hurricane Sandy, economic impact, Lisa Goldenberg, Delaware Steel, corinna petry

CHICAGO — Preparing for disaster is no easy task, and while metal distributors can take certain measures to help mitigate losses—having flood, hazard, business interruption insurance, generators and remote Internet servers—it’s not enough to cover the cost of business for a lengthy period.

"Business interruption insurance is great, but in most cases it doesn’t cover sales," Lisa Goldenberg, president of Delaware Steel Co., Fort Washington, Pa., said during an AMM-led roundtable at an Association of Steel Distributors meeting in Detroit.....

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