{"id":1420,"date":"2019-09-09T13:00:13","date_gmt":"2019-09-09T20:00:13","guid":{"rendered":"https:\/\/addison.lwh.dev\/insights\/real-costs-catastrophe\/"},"modified":"2019-09-09T13:00:13","modified_gmt":"2019-09-09T20:00:13","slug":"real-costs-catastrophe","status":"publish","type":"post","link":"https:\/\/addisongroup.com\/insights\/real-costs-catastrophe\/","title":{"rendered":"The Real Costs of Catastrophe"},"content":{"rendered":"\n

A CFO’s job is to protect the value of the company, and one of the biggest potential threats that a company can face is the sudden disruption caused by a catastrophe, such as fire, flood, earthquake or cyber-attack. While parts of these losses are insured, there is still a good amount of loss that is not. And even though many are aware of the potential risk, we rarely think to put in the numbers and run the data.<\/p>\n\n\n\n

For example, if there was a flood- <\/h3>\n\n\n\n

There could be a loss of revenue if the office is unsafe for employees or the on-site server that hosts your website is damaged. Don’t take these losses lightly as they can destroy an entire enterprise. A proactive measure against this type of threat may be storing your data offsite or in the cloud.<\/p>\n\n\n\n

Quantify uninsured loss before a catastrophe hits<\/h3>\n\n\n\n

While it may seem cost-prohibitive to make improvements to your strategy when you have insurance coverage, remember to take into consideration these three things:<\/p>\n\n\n\n

  1. Customer loss. An extended disruption could prompt even loyal customers to seek-out other vendors, resulting in a loss in the enterprise value. <\/li>
  2. Stunted growth. Even if the company rebounded to its prior growth rate, it will have missed out on the growth period during the disruption.  <\/li>
  3. Lost investor confidence. Major disruption is considered elevated risk, and that elevated risk makes investors nervous. <\/li><\/ol>\n\n\n\n

    Each of the above-uninsured losses has a monetary value that affects your bottom line. <\/p>\n\n\n\n

    After calculating the numbers, you may find that the upgrades needed to protect the company are much more affordable than you thought.  <\/p>\n\n\n\n

    Protecting the company’s uninsured value is just as important as the insured content. Unfortunately, many companies don\u2019t realize this until after a disaster has struck. As a CFO it is important to be on the outlook for any threats that insurance won’t cover. <\/p>\n\n\n\n

    For more tips about safeguarding your company’s assets, check out: Combating Data Breaches<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

    A CFO’s job is to protect the value of the company, and one of the biggest potential threats that a<\/p>\n","protected":false},"author":9,"featured_media":568,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[11],"tags":[],"post_function":[],"post_audience":[],"class_list":{"0":"post-1420","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-article"},"acf":[],"yoast_head":"\nThe Real Costs of Catastrophe - Addison Group<\/title>\n<meta name=\"description\" content=\"One of the biggest potential threats that a company can face is the sudden disruption caused by a catastrophe, such as fire, flood, earthquake\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/addisongroup.com\/insights\/real-costs-catastrophe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Real Costs of Catastrophe - Addison Group\" \/>\n<meta property=\"og:description\" content=\"One of the biggest potential threats that a company can face is the sudden disruption caused by a catastrophe, such as fire, flood, earthquake\" \/>\n<meta property=\"og:url\" content=\"https:\/\/addisongroup.com\/insights\/real-costs-catastrophe\/\" \/>\n<meta property=\"og:site_name\" content=\"Addison Group\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-09T20:00:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/addisongroup.com\/wp-content\/uploads\/2024\/06\/AdobeStock_209657388.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1799\" \/>\n\t<meta property=\"og:image:height\" content=\"1200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Addison Group\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Addison Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/addisongroup.com\\\/insights\\\/real-costs-catastrophe\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/addisongroup.com\\\/insights\\\/real-costs-catastrophe\\\/\"},\"author\":{\"name\":\"Addison Group\",\"@id\":\"https:\\\/\\\/addisongroup.com\\\/#\\\/schema\\\/person\\\/abc042a7f4910d20090afda67a1cd61c\"},\"headline\":\"The Real Costs of Catastrophe\",\"datePublished\":\"2019-09-09T20:00:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/addisongroup.com\\\/insights\\\/real-costs-catastrophe\\\/\"},\"wordCount\":338,\"image\":{\"@id\":\"https:\\\/\\\/addisongroup.com\\\/insights\\\/real-costs-catastrophe\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/addisongroup.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/AdobeStock_209657388.jpeg\",\"articleSection\":[\"Article\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/addisongroup.com\\\/insights\\\/real-costs-catastrophe\\\/\",\"url\":\"https:\\\/\\\/addisongroup.com\\\/insights\\\/real-costs-catastrophe\\\/\",\"name\":\"The Real Costs of Catastrophe - Addison Group\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/addisongroup.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/addisongroup.com\\\/insights\\\/real-costs-catastrophe\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/addisongroup.com\\\/insights\\\/real-costs-catastrophe\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/addisongroup.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/AdobeStock_209657388.jpeg\",\"datePublished\":\"2019-09-09T20:00:13+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/addisongroup.com\\\/#\\\/schema\\\/person\\\/abc042a7f4910d20090afda67a1cd61c\"},\"description\":\"One of the biggest potential threats that a company can face is the sudden disruption caused by a catastrophe, such as fire, flood, earthquake\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/addisongroup.com\\\/insights\\\/real-costs-catastrophe\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/addisongroup.com\\\/insights\\\/real-costs-catastrophe\\\/#primaryimage\",\"url\":\"https:\\\/\\\/addisongroup.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/AdobeStock_209657388.jpeg\",\"contentUrl\":\"https:\\\/\\\/addisongroup.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/AdobeStock_209657388.jpeg\",\"width\":1799,\"height\":1200},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/addisongroup.com\\\/#website\",\"url\":\"https:\\\/\\\/addisongroup.com\\\/\",\"name\":\"Addison Group\",\"description\":\"Leading National Professional Services Firm Specializing in Talent Solutions and Consulting Services\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/addisongroup.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/addisongroup.com\\\/#\\\/schema\\\/person\\\/abc042a7f4910d20090afda67a1cd61c\",\"name\":\"Addison Group\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/41fd8b89179592de3fc22b9549f5021aa190e18a09da5da1ddb4db4162b682df?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/41fd8b89179592de3fc22b9549f5021aa190e18a09da5da1ddb4db4162b682df?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/41fd8b89179592de3fc22b9549f5021aa190e18a09da5da1ddb4db4162b682df?s=96&d=mm&r=g\",\"caption\":\"Addison Group\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"The Real Costs of Catastrophe - Addison Group","description":"One of the biggest potential threats that a company can face is the sudden disruption caused by a catastrophe, such as fire, flood, earthquake","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/addisongroup.com\/insights\/real-costs-catastrophe\/","og_locale":"en_US","og_type":"article","og_title":"The Real Costs of Catastrophe - Addison Group","og_description":"One of the biggest potential threats that a company can face is the sudden disruption caused by a catastrophe, such as fire, flood, earthquake","og_url":"https:\/\/addisongroup.com\/insights\/real-costs-catastrophe\/","og_site_name":"Addison Group","article_published_time":"2019-09-09T20:00:13+00:00","og_image":[{"width":1799,"height":1200,"url":"https:\/\/addisongroup.com\/wp-content\/uploads\/2024\/06\/AdobeStock_209657388.jpeg","type":"image\/jpeg"}],"author":"Addison Group","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Addison Group","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/addisongroup.com\/insights\/real-costs-catastrophe\/#article","isPartOf":{"@id":"https:\/\/addisongroup.com\/insights\/real-costs-catastrophe\/"},"author":{"name":"Addison Group","@id":"https:\/\/addisongroup.com\/#\/schema\/person\/abc042a7f4910d20090afda67a1cd61c"},"headline":"The Real Costs of Catastrophe","datePublished":"2019-09-09T20:00:13+00:00","mainEntityOfPage":{"@id":"https:\/\/addisongroup.com\/insights\/real-costs-catastrophe\/"},"wordCount":338,"image":{"@id":"https:\/\/addisongroup.com\/insights\/real-costs-catastrophe\/#primaryimage"},"thumbnailUrl":"https:\/\/addisongroup.com\/wp-content\/uploads\/2024\/06\/AdobeStock_209657388.jpeg","articleSection":["Article"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/addisongroup.com\/insights\/real-costs-catastrophe\/","url":"https:\/\/addisongroup.com\/insights\/real-costs-catastrophe\/","name":"The Real Costs of Catastrophe - Addison Group","isPartOf":{"@id":"https:\/\/addisongroup.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/addisongroup.com\/insights\/real-costs-catastrophe\/#primaryimage"},"image":{"@id":"https:\/\/addisongroup.com\/insights\/real-costs-catastrophe\/#primaryimage"},"thumbnailUrl":"https:\/\/addisongroup.com\/wp-content\/uploads\/2024\/06\/AdobeStock_209657388.jpeg","datePublished":"2019-09-09T20:00:13+00:00","author":{"@id":"https:\/\/addisongroup.com\/#\/schema\/person\/abc042a7f4910d20090afda67a1cd61c"},"description":"One of the biggest potential threats that a company can face is the sudden disruption caused by a catastrophe, such as fire, flood, earthquake","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/addisongroup.com\/insights\/real-costs-catastrophe\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/addisongroup.com\/insights\/real-costs-catastrophe\/#primaryimage","url":"https:\/\/addisongroup.com\/wp-content\/uploads\/2024\/06\/AdobeStock_209657388.jpeg","contentUrl":"https:\/\/addisongroup.com\/wp-content\/uploads\/2024\/06\/AdobeStock_209657388.jpeg","width":1799,"height":1200},{"@type":"WebSite","@id":"https:\/\/addisongroup.com\/#website","url":"https:\/\/addisongroup.com\/","name":"Addison Group","description":"Leading National Professional Services Firm Specializing in Talent Solutions and Consulting Services","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/addisongroup.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/addisongroup.com\/#\/schema\/person\/abc042a7f4910d20090afda67a1cd61c","name":"Addison Group","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/41fd8b89179592de3fc22b9549f5021aa190e18a09da5da1ddb4db4162b682df?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/41fd8b89179592de3fc22b9549f5021aa190e18a09da5da1ddb4db4162b682df?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/41fd8b89179592de3fc22b9549f5021aa190e18a09da5da1ddb4db4162b682df?s=96&d=mm&r=g","caption":"Addison Group"}}]}},"_links":{"self":[{"href":"https:\/\/addisongroup.com\/wp-json\/wp\/v2\/posts\/1420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/addisongroup.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/addisongroup.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/addisongroup.com\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/addisongroup.com\/wp-json\/wp\/v2\/comments?post=1420"}],"version-history":[{"count":0,"href":"https:\/\/addisongroup.com\/wp-json\/wp\/v2\/posts\/1420\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/addisongroup.com\/wp-json\/wp\/v2\/media\/568"}],"wp:attachment":[{"href":"https:\/\/addisongroup.com\/wp-json\/wp\/v2\/media?parent=1420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/addisongroup.com\/wp-json\/wp\/v2\/categories?post=1420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/addisongroup.com\/wp-json\/wp\/v2\/tags?post=1420"},{"taxonomy":"post_function","embeddable":true,"href":"https:\/\/addisongroup.com\/wp-json\/wp\/v2\/post_function?post=1420"},{"taxonomy":"post_audience","embeddable":true,"href":"https:\/\/addisongroup.com\/wp-json\/wp\/v2\/post_audience?post=1420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}