Snowmageddon

Scott and John discuss the challenges small businesses face during severe weather events, using the recent "Snowmageddon" storm as a case study. They explore critical topics including employee attendance policies during dangerous weather, insurance coverage for snow and ice damage, business interruption insurance, liability concerns, and risk management strategies. The hosts share personal experiences with weather-related business disruptions and provide practical guidance on commercial property insurance, flood coverage, and documenting safety precautions. The episode concludes with actionable advice for reviewing insurance policies and preparing for future weather emergencies. 0:00 - Introduction & Snowstorm Impact 2:10 - Employee Attendance Policies 5:30 - Economic Impact of Weather Events 8:30 - Business Revenue Loss 12:30 - Liability & Reasonableness Standard 16:00 - Parking Lot Safety & Slip-and-Fall Liability 21:00 - Introduction to Insurance Coverage 23:00 - Commercial Property Insurance 25:30 - Business Interruption Insurance 28:00 - Named Perils vs. All Risk Policies 30:00 - Flood Damage Coverage 33:00 - Liability Insurance & Duty of Care 35:30 - Risk Management Strategies 38:00 - Action Items & Lessons Learned