Perils

Is your business ready for the real cost of severe weather?

April 1, 2025

Severe thunderstorms, or severe convective storms, are more than just a weather nuisance – they're a significant threat to business growth.  Chubb's recent Risk Decisions 360° report reveals that these storms are a top concern for business leaders, often leading to unexpected and disruptive financial losses.    

Why are severe convective storms such a problem?  Climate change is a major factor. Warmer air holds more moisture, fueling stronger storms with more intense rain, hail, lightning, and wind. This translates to increased property damage and business disruption.    

Key Risks to Businesses:

  • Hail Damage: Severe hail can wreak havoc on roofs, solar panels, and HVAC systems.    
  • Lightning Strikes: Lightning can cause devastating electrical surges, damaging equipment and systems.    
  • Tornadoes: The destructive force of tornadoes poses a direct threat to property and employee safety.    
  • Flooding: A surprising fact: Most business owners mistakenly believe their standard property insurance covers flood damage. It usually doesn't.    

Chubb can help you protect your business

Chubb understands the unique challenges severe convective storms pose to businesses. We offer:

  • Expert Risk Engineering: We can help you assess your vulnerabilities and implement proactive measures, such as installing impact-resistant materials and lightning suppression systems.    
  • Comprehensive Insurance Solutions: Beyond standard property insurance, we provide specialized coverage, including critical flood insurance, to ensure you're fully protected.    
  • Proactive Guidance: We provide resources and support to help you develop robust preparedness and response plans.    

Don't let severe convective storms threaten your business's future. Contact Chubb today for a consultation and learn how we can help you mitigate risk and build resilience.

Severe Convective Storms: Understanding the Growing Threat to Businesses

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