The top 3 Worst Business Disasters

The top 3 Worst Business Disasters. How many of us ever imagine that our entrepreneurial dream could become a nightmare in progress?

Although I do not like thinking about it, disasters happen regularly and uninformed many business owners do nothing to protect themselves. This is when a nice dream can become a continuous process, money-sucking horror story of epic proportions.

Needless to say, the budding entrepreneurs who would be foolish not to protect their interests - and IP - by opting for business insurance coverage that includes coverage for fire and natural hazards, employee fraud and debt book and loss of motor fleets, office equipment and facilities of the business themselves.

Two hundred vehicles destroyed by an inferno

In January 2009, Durban-based import and export company vehicle depot was virtually destroyed by an inferno that engulfed the fourth floor of the building. It is estimated that more than 1,000 Japanese imported vehicles were being stored in the building of five floors, but firefighters were able to control the fire burning more than 200 cars were completely destroyed and many more damaged by fire and water hoses.

The cars were parked so close together seems impossible for firefighters to move freely in an effort to control the flames and many had full tanks of gasoline that exploded in the heat, increasing the danger. Another inexplicably stupid move on the part of owners, is that several storage tanks full of fuel were in the building itself.

The vehicles have been sent to South Africa just days before and losses of the company found itself with millions.

Bad choices of debt by the banking giants leads to economic crisis

We have to look very hard for the horror stories of bad debt. Debt is the singular reason for economies around the world and not even now, the Western giants are literally on his knees, overwhelmed by debt.

As with the U.S. and the UK, two areas deeply affected by the global economic implosion, all companies, large or small, are particularly vulnerable to debt - be it money owed to suppliers by the employer or money owed by customers to the business. Any business broker worth his salt will insist that a budding entrepreneur himself is covered adequately to a debt crisis that could arise from factors beyond their control.

It was the failure of U.S. banking giant and the United Kingdom to support the growing private sector debt has actually led the entire global economy to a complete stop - and have not yet felt the full effects of this disastrous macro-however, the economic policy. Just think what you could do a small and medium enterprises.

Tons of lobster monster destroyed Year's Eve celebration

Another accident could have been an absolute disaster for an industry leader billion rand was the fire of 1993 in the port of Cape Town, which destroyed a cold storage facility and its contents.
Minutes after midnight on January 1, 1993, a year unidentified reveler End fired a flare in the night sky in celebration, but instead of rising to the heights, vanished down on the roof of the facility cold storage, causing a fire that destroyed the entire building and millions of Rands worth of fish and inside the lobster!

The top 3 Worst Business Disasters.