Smaller businesses in the US have a higher risk of failing because of natural disasters such as hurricanes and are more likely to be without insurance , according to an expert in risk management . Professor John Collier of Temple University in Philadelphia argues that small and medium - sized enterprises ( businesses ) , particularly those in their early years of trading , are more vulnerable to business failure or damage caused by hurricane damage than larger businesses . Many do not see insurance as a priority and , of the SMEs affected by Hurricane Sandy in 2012 , nearly 60 % of those that were less than five years old had no insurance .
Smaller businesses in the US have a higher risk of failing because of natural disasters such as hurricanes and are more likely to be without insurance, according to an expert in risk management. Professor Ben Collier of Temple University in Philadelphia warned that small and medium-sized enterprises (SMEs), particularly those in their early years of trading, are more vulnerable to business interruption or failure caused by hurricane damage than larger enterprises. Many do not see insurance as a priority and, of the SMEs affected by Hurricane Sandy in 2012, nearly 60% of those that were less than five years old had no insurance.