How to build a financial “go bag” for emergencies

A woman sits on the sofa organizing a survival kit, including cash, canned food, and first aid supplies, preparing for emergencies. (Credit: Getty Images)

News about the fires in Los Angeles is inescapable. You might feel powerless when watching the news or reading social media, only to learn about how the disaster has destroyed homes and livelihoods in the blink of an eye. But there’s one thing you can take action on right now: Ensure you are prepared for the worst.

“Leaving in a hurry due to a disaster can be a very disorienting experience,” says Steve Powell, President of EFI Global, Inc. and EVP, Property, Americas, for Sedgwick. “But preparing for the unexpected by putting together a go bag helps you avoid the chaos of scrambling for last-minute items on your way out.”