Tornadoes, hurricanes, floods and wildfires — these are just a few of the recent crises that have left destruction in their wake. Due to the immense amount of media coverage, many homeowners have come to realize that they need to be better prepared for future disasters. Thus, many have taken proactive steps by purchasing insurance or building savings accounts in case of a catastrophic event.
Many industries are seeing a decrease in demand, but restoration and remediation businesses remain popular because of increased capital spending on property repairs by the insurance industry.