A few weeks back I sat down with my insurance guy. I usually don’t have a lot of reasons to do so, but since I had just purchased a home, he wanted to go over the details of my policy in person. It’s a little bit scary sitting there listening to all the different things that can go wrong, and all the different ways people can hold me personally liable—it’s terrifying, actually.
One of the major things my insurance covers are natural disasters, but it doesn’t cover all of them. More specifically, it doesn’t cover earthquakes, which are the disasters that concern me the most.
When I was a kid, teachers warned us all about a large impending earthquake often nicknamed “the Big One.” We had drills in school where we hid under the desks, even though, as Daryl the janitor kindly mentioned, anyone beneath the giant commercial-grade heating units mounted on the roof of the school would be completely crushed following an earthquake. Daryl was great with kids.
So as I went over my policy with my insurance guy, he noted that a brick house like mine would completely crumble in an earthquake, making earthquake insurance something I ought to carefully consider. Then he showed me the cost. Yikes! It’s kind of pricey. Not because I’ve got a big fancy house, but because the Salt Lake Valley (home of StorageCraft HQ) is right on the Wasatch Fault Line, putting us at a high risk for earthquakes, and putting our premiums through the roof. I pondered this for a while. It costs a little extra each month, but it’s nothing that would empty my pockets of all but dust and moths, and it covers me for the one disaster that’s most likely to happen in my area. Really, it’s a no-brainer. Without insurance, an earthquake would leave me with a pile of rubble I can’t live in and owe tons of money on. That’s not a situation anyone wants to be in.
It’s useful for business owners to look at backup and disaster recovery much the way they look at insurance. Although business owners likely have policies that cover things like theft, fire, water damage, or even storm and natural disaster damage, few insurance carriers have an insurance policy that will cover things like lost data (except for some special policies that cover data breach issues).
Insurance might fix the brick and mortar building, but if you lose your data, you might end up with a business that isn’t doing business. Imagine if tomorrow you had none of the contact info for any of your customers? You’d be toast. As in the case of my earthquake insurance, the cost might be a little more each month, but you’ll be much better off tightening your belt now than losing your belt altogether later on. The extra you pay each month is nothing—and I mean nothing—compared to what you could lose otherwise. It really isn’t worth the risk, is it?
Curious how to keep your data safe, even during a large disaster? Read all about storing your data backups in the cloud with StorageCraft Cloud Services.