It’s an oft-cited FEMA statistic that 40 percent of small businesses never reopen after a disaster. Almost certainly contributing to this eye-popping failure rate is the fact that an estimated 74 percent of small to mid-sized businesses (SMBs) lack a disaster recovery plan, while 84 percent haven’t bothered to obtain disaster insurance.
On an annual basis, flooding ranks as the most common and costly type of natural disaster in America. This hurricane season alone is expected to boast 10 named tropical storms and five hurricanes. Those SMBs that don’t want their data to wash away with the rest of their possessions should consider revisiting the planning process, strategies, and cloud technologies that help businesses stay afloat in the event of a disaster.