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Small businesses aware of climate risks, but struggle to respond, recover

from Houston Chroncile

A few years ago, Sam’s Safety Equipment, a local oil and gas outfitter in Spring Branch, found itself strapped for cash as the oil bust that started in late 2014 slammed customers of the family-owned company and subsequently its sales. Kevin Doffing, the second-generation owner of the small retailer, was worried and looking to save money wherever he could. Flood insurance became an obvious place to cut costs, since the business had never flooded during a history that extended more than a half-century. But just a few months after canceling the policy, the Memorial Day Flood of 2015 washed through their store, damaging thousands of dollars in inventory and forcing the business to temporarily close for repairs. more

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7701 Las Colinas Blvd., Ste. 800, Irving, TX 75063