Disaster Planning (CONT’D FROM PAGE 26)
Board Converting NEWS INTERNET DIRECTORY
Review Insurance You’ve got insurance that backs up your emergency response plan with financial assistance that will help main- tain operations. But is your insurance the right kind? “Insurance policies must cover the specific perils identi- fied by a company’s risk assessment initiative,” said Kates. “Too often, businesses discover they don't have the right coverage for the damages encountered.” Coverage levels also need to be regularly updated. “The cost of building materials keeps going up,” said Rice. “Policies must be updated to ensure the company has suf- ficient funds for rebuilding.” Businesses should also consider taking out business interruption insurance to replace lost income; extra ex-
THE HAIRE GROUP www.hairegroup.com
Haire Group is the premier provider of new machinery for the corrugated industry. From the Apstar line of flexo folder gluers and rotary die cutters, the Encore line of flexo folder gluers and rotary die cutters, and the Engico flexo folder glu- er, Haire is able to pair clients with the best machinery solu- tions for the best value to meet their needs. Haire Group’s service department helps its customers maximize uptime and profitability through superior 24/7 service and support, a pre-install training center, and over a million dollars’ worth of spare parts at their offices just outside of Chicago. Haire Group has been the industry’s #1 pre-owned machinery bro- ker and plant equipment appraiser since 1976. HarperLove is the leading provider of specialty adhesives, performance additives, and wet-strength resins to corru- gated packaging manufacturers. With the largest and most experienced field service and technical support team posi- tioned throughout the U.S. and Latin America, HarperLove has a long-standing reputation for providing outstanding service and delivering demonstrable performance improve- ments. HarperLove’s renowned services include not only innovative product development and custom product for- mulation, but also machine and process assessments, ad- hesive formula adjustments, machine tuning, detailed ser- vice reporting, and more. HARPERLOVE www.HarperLove.com Kernic Systems has been a leading global provider of re- cycling equipment solutions since 1978. For over 40 years, Kernic Systems has provided balers, air conveying and dust collection systems, shredders, industrial vacuums, and re- cycling equipment to a wide range of markets. Today, Ker- nic Systems serves customers with an expanded offering of standard products and custom-engineered systems through three primary business divisions: Recycling Solu- tions, Dust Collection and Air Pollution Control, and Material Handling. Kiwiplan provides state-of-the-art software solutions to cor- rugated, folding carton, plastics and flexible packaging fa- cilities around the globe. Kiwiplan’s Total Solution delivers comprehensive, seamless real-time flow of information from sales order management to dynamic total plant scheduling and inventory control through shipping. With deep manu- facturing and distribution expertise, Kiwiplan knows the specific problems customers face and provides the spe- cialized software they need to adapt, compete, and win in today's rapidly changing world. KERNIC SYSTEMS www.kernicsystems.com KIWIPLAN www.kiwiplan.com
pense coverage for the higher moving costs and rents possible at a new location; and contingent business inter- ruption insurance for lost income when a damaged suppli- er is unable to deliver. Finally, there is the growing challenge of policy avail- ability. Many insurers are exiting unprofitable markets, leaving businesses with limited choices. “There’s a lot of concern today about what is going to happen regarding insurance policies in areas that are particularly disaster prone, such as Florida and California,” said Kates. The fires that recently ripped through portions of the latter state have resulted in insurance becoming ex- tremely difficult to obtain. Flood insurance can be a special problem anywhere. “The frequency and severity of extreme weather events have increased,” said John Peterson, Chief Growth Officer at World Insurance Associates, an insurance brokerage. “Consequently, flood insurance is becoming very difficult to obtain in certain geographies.” Bonus tip: Flood insurance must cover not only dam- age from rainstorms and burgeoning streams, but also from blocked storm drains, broken water towers, and dam- aged pipes or boilers. Take Action Getting the right recovery plan in place can seem like a daunting task. Little wonder the default position is procras- tination. “Too often, a crisis propels the topic to the fore- front,” said Kates. “Then a company scrambles to design a
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June 9, 2025
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