How do insurance companies help facilities managers with disaster recovery planning?
Fenton: I think it’s changing very, very slowly. Insurance companies are very loss oriented, which means they take zero action before a claim takes place. However, some companies do give great deals for safety oriented organizations. The guys that are selling the service are better prepared in the event of a loss. They keep the loss ratio down, and they get the biggest charge for everything else. It’s not so much the insurance but all the people who are taking a larger percentage of the pie. McDaniel: Many major insurance companies will help you with risk engineering management. You can call your broker and get someone to come in, look at your plant, and make some suggestions. The whole process in disaster recovery planning is going in and recognizing the things that threaten to stop your business. Then you make the decision whether to be proactive or reactive.
