disaster risk management

PREPARING COASTAL BUSINESSES FOR THE BIG 3 - #2 EARTHQUAKES

PREPARING COASTAL BUSINESSES FOR THE BIG 3 - #2 EARTHQUAKES

After witnessing the devastating effects of the April 2016 earthquakes in Ecuador and Japan, it’s increasingly difficult to deny the importance of planning and preparing for earthquakes. According to the Insurance Bureau of Canada, over 60% of British Columbians live in a region where some of the largest earthquakes in the world occur. And, if you’re located in coastal areas, your chances of being affected increase. In the coastal state of California, the cost of earthquakes equates to over $60 billion in losses since 1971. The losses include the destruction of building and infrastructures, as well as losses in business operations.