If you aren’t prepared, the damage could be catastrophic, leading to slowed growth or even a complete shutdown of your company. Most businesses couldn’t afford to shut down their operations for days or weeks waiting for a cleanup, and some wouldn’t even know what to do if a disaster were to occur to begin with. How about yours?
According to the American Red Cross and OSHA, there are some simple steps you can take in advance to know what to expect during a disaster scenario and be prepared should one strike.
Understand Your Vulnerabilities
This all starts with understanding your vulnerabilities and preparing properly for your region. If you are located in the Midwest, your needs are going to differ from those on the East Coast or the West Coast. If you are in the South, you probably don’t need to plan for a heavy snowfall. To become better prepared, consider the following:
Understand the Impact a Disaster Could Have on Your Business
Depending on the type of disaster, the impact on your business will obviously vary. However, there are some things which should be done regardless of the type of disaster your company faces:
Have Plans to Protect Your Employees and Your Business
Finally, it is essential to have a thorough plan in place to protect your business and employees before, during, and after a disaster strikes:
With regard to continuity, that aspect is best discussed with a professional. There are even business continuity insurance plans to help make sure you don’t fall behind while restoring normal operations to your business. Ultimately, it all comes down to figuring out what your essential personnel and business functions are and ensuring that those will remain operational even if other aspects of your business get sidelined during a disaster.
It is still essential to be properly covered from an insurance standpoint even if you have a thorough plan in place ahead of time. Knowing how to protect yourself, your business, and your employees isn’t going to mitigate all the damage that could be done. Therefore, speaking with an insurance professional is still an important aspect of disaster preparedness.
How about your business? Do you think you are prepared to weather the storm (or earthquake, or tornado, or anything else) should a disaster strike? Remember, having insurance to cover your potential losses is an important step. But being adequately prepared could be the difference between a minor claim and a catastrophic loss for your company.
Ready to get going on your disaster readiness plan? Our team is here to help. Contact HIG by phone (856-489-9101) or by use our quote system on our website to get started today!
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