The Met Office predicts that, as a result of climate change, daily heavy rainfall events will increase from a 1-in-125 day occurrence to 1-in-85, while the Environment Agency estimates 185,000 commercial properties in England and Wales are at risk of flooding.
As this article from Reuters shows, while the Government has pledged to spend £2.3 billion to strengthen the country's flood and coastal defences, businesses need to boost the resilience of exposed facilities and proactively work with their insurers to develop effective loss prevention programs if they are to avoid costly disruption.
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