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Protecting Yourself Against Catastrophic Financial Loss
Those of us who live in California are frequently reminded that the "Big One" could ruin our whole day. But the fact is, all of us, in every part of the country, need to have adequate precautions against the "Big One" - be it an earthquake, fire, tornado, hurricane, or asteroid hit(!)
We have one client couple who spent two years rebuilding their dental practice after it burned to the ground. Prior to the fire, they probably didn't think that such a tragedy could ever happen to them. But it did.
Apart from the obvious sense of personal loss that they must have felt, the financial loss was devastating - due to inadequate insurance. Most of us have not taken the necessary precautions against financial catastrophe. But disasters can and do happen to people like us.
Take a moment to ask yourself:
| Have I trained my family and myself in
emergency procedures? |
| Have I trained my office staff in similar
procedures? |
| Do I have adequate insurance to replace my
home, personal belongings, and professional property and equipment? |
| If my records were destroyed in a fire or other
disaster, how would I go about documenting my property investments for insurance purposes?
|
| Would I even be able to prove my insurance
coverages? |
| Have I taken all the precautions that I reasonably can to protect myself and my family against financial loss? |
This memorandum provides specific guidelines that you can implement immediately to minimize the loss of financial security that each of us could face in the event of a major earthquake, fire or other catastrophe.
