As we continue to focus on the individual safety and well-being of those impacted by natural disasters, we also know that individuals, governments, and businesses need immediate assistance. Individuals need to get back into their homes and in many instances repair, rebuild, or replace their homes. Local and state governments need assistance with the administration oversight of billions of dollars of federal assistance to ensure that the money gets to those for whom it was intended and in a timely fashion. Businesses may have experienced physical damages as well as prolonged interruptions to their operations. Even companies that suffered no physical damage may be experiencing disruptions to their supply chain, utilities, or transportation, or may be closed for public safety.
This is a crucial time to coordinate your response; KPMG can provide immediate assistance. We have extensive experience in helping companies in crisis situations and with disaster relief, including: maintaining business operations and continuity, insurance claims and litigation support, tax implications including federal and state tax relief provisions, monitoring repair or reconstruction projects, and antifraud programs and controls. We have mobilized teams from our offices around the country to help our clients through this difficult time.
When catastrophic events such as natural disasters occur, companies can suffer significant losses―from damage to property, damage to customers and suppliers, and supply chain disruptions. Post-disaster economic recovery often entails the filing of complex property and business interruption insurance claims. Thomas Heck who works in KPMG’s Forensic practice explains what clients need to do post-disaster and how KPMG can assist.
At KPMG, Corporate Citizenship is a natural extension of who we are. We share a passion for improving local communities where we live and work and making a tangible difference in society at large.