According to Swiss Re's latest report, no other natural disaster affects individuals as drastically as flooding. An estimated 500 million people are impacted worldwide each year, and, in 2011 nearly $15 billion were accrued in insured flood losses. That number is a sharp increase from the $1 to 2 billion during the 1970s.

Furthermore, population growth, demographic change, a higher concentration of assets in exposed areas, greater vulnerability of insured objects and climate change are all key contributors to the heightened risk, said the report.

Aon Banfield also released its annual catastrophe report, which said that August's amount of natural disasters highlighted the disparity of global insurance coverage.

The report said that Hurricane Isaac was the first landfalling hurricane along the United States' Gulf Coast region since 2008 – the storm killed 7 people in the U.S. and 34 in the Caribbean.

The total economic losses are expected to reach the single-digit billions of dollars (USD).

American companies and organizations that are at all questioning the stability of their current business continuity plan should work with a consultant to make sure that everything is in working order. With natural disasters having the power to drastically affect everything from employees' commutes to the day-to-day business within an enterprise, it's crucial to be prepared.

Designating a hot site, for example, is important to ensure that a company still has a safe place for workers to go to, even if the main building is unusable because of flooding or other side effects from Mother Nature. Insurance is important to regain physical objects, but disaster recovery consulting will work to keep any company running smoothly.