Over the last five years, the U.S. has averaged more than 17 major weather or climate-related disasters annually, according to the National Centers for Environmental Information.

Hurricanes, wildfires and other natural disasters have great financial costs, including for small-business owners. Among small businesses in FEMA-designated disaster zones that suffered losses after natural disasters, 64% lost physical assets and 96% lost revenue, according to a 2017 study from the Federal Reserve Banks of Dallas, New York, Richmond and San Francisco.

Business insurance can help protect your business from such losses, but business owners also need to be proactive about creating disaster plans and learning about emergency financing options.

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