Tropical Storm Dorian’s growing strength signals the official kick off-of hurricane season. The storm sideswiped Puerto Rico, and meteorologists are predicting it to hit Florida by this weekend.
“Businesses are taking this very seriously. Companies that have operations in Florida and across portions of the Carolina coastline are also closely monitoring this [storm],” said Jonathan Porter, Vice President of Business Services at AccuWeather.
Floridia residents and businesses alike are taking precautionary measures to protect themselves and their property from the coming storm, as the costs of repairing damages post-hurricane can be hard to surmount. Past hurricanes have cost the U.S. billions of dollars. The costliest storm was Hurricane Katrina in 2005, totaling the U.S. an estimated $161 billion.
AccuWeather estimates the total damage and economic loss caused by Hurricane Dorian will be $18 billion to $20 billion, including damages to homes and businesses.
“They’re [businesses] starting to activate their emergency active plans, thinking about what locations they may need to protect from the perspective of ensuring there is not a flooding risk at that location, where they may need to be concerned about their employees’ safety, and if there are locations that they’re going to need to close, and if so, where, and when,” Porter says.