A recent survey from the Federation of Small Businesses (FSB) has found that more than half of small firms, such as Limited companies, don’t have a flood plan in place.
Research revealed that three out of five (59%) of the smaller sized businesses surveyed, did not have a plan in place to deal with extreme weather conditions, such as floods and snow storms.
The FSB is warning the UK’s smaller sized firms to consider making plans, what with figures showing that two thirds (66%) of small businesses have been negatively impacted by flooding, drought or snow over the last three years.
Damage caused by last year’s floods cost firms in affected areas an average of £1,531. Of those affected by extreme weather, the biggest problems reported were disruption to staff and customers (46%) and disruption to suppliers, utilities and transport arrangements (32%).
Mike Cherry, National Policy Chairman for the Federation of Small Businesses, commented, “Last year was the wettest winter on record and 3200 commercial properties were flooded in the UK. With such extreme weather events on the increase small business need all the help they can get to make sure they can stay open whatever the weather.
“We remain concerned that small businesses will not be included in the Government’s Flood Re agreement, designed to limit insurance costs for those at most risk of flooding. Firms need to be reassured that affordable flood insurance will be available in the future. Currently three in 10 (29%) do not have the right cover in place.
“The Environment Agency has produced advice for businesses on how to make a flood plan, and we want to make sure businesses are getting all the information, finance and support they need to deal with extreme weather.”
How much could you be earning as a contractor? Type in your daily or hourly rate into our contractor calculator and see how much you could be taking home.
If you have any questions about contracting or would like any further advice please call our New business team 01442 275789 or email: email@example.com.