It does not spare the rich or the poor. This affects individuals, business and organisations. There are economic losses-direct and Indirect. The first to get affected is the infrastructure - the railways and roads. All the utilities get affected - the telephone lines get broken, the electricity is disrupted, water pipes get broken and water gets contaminated.
Many business close down and people lose their job.
The most obvious damage to business is the physical structure and capital equipment. With the break in infrastructure and transport the interruption to business is real. Infrastructure loss resulting in long term electrical outages and unusable roads leads halt in operations, supplies not being completed and all mission critical systems not operating. The community also loses its residents. Essentially for the business, it means loss of customers and the existing market.