People in the northeastern U.S. are still recovering from Hurricane Sandy. Although we often hear about the residents and how they are affected, plenty of businesses are suffering from the lack of power and phones.
Such a disaster can have a big financial impact on a business and its employees. Having the right insurance and an emergency fund set aside are a good place to start.
Most experts recommend the following steps to prepare. The key is to put these in place before a storm is coming.
1. Create the right plan.
In North Carolina, we face hurricanes. Illinois manages tornadoes. Fires are everywhere, but especially out west. Know what type of disaster may hit your business and create a tailored plan.
2. Inform Your Team
You and your employees should know exactly what to do first. Most people feel uncomfortable doing this, but it’s critical to create an evacuation plan and test it to make sure it works. Implement a phone tree or other system to alert people in case of an emergency. Be sure to have more than one method of communication in place in case you can’t reach someone via phone or email due to down lines.
3. Back Up Your Data
Your company’s data and records are at risk all the time. Avoid a permanent loss by backing up your data on cloud servers — whether there is a storm coming or not.
4. Stash Emergency Supplies
If your team was stuck at the office and retailers were closed or you couldn’t get there, what would you do? Keep supplies such as food and water, blankets, flashlights, and more.
Update your inventory. Contact your insurer at least once a year to review your policy and what it covers.
When Sandy hit, people knew she was coming, and yet, so many people were completely devastated — both financially and spiritually — from the amount of damage done to their homes and lives. What happens though? How did they miss the warning signs? How were they not prepared? Those are easy questions to ask. However, even we in the financial side of our businesses can easily get in over our heads — and miss all the warning signs that it was coming.
Professional Recovery Consultants, Inc. is here to help make sure that you not only see the warning signs, but that you understand fully what those warning signs mean for your business. We have the tools and resources to help you receive unpaid bills, but even beyond that, we have the know-how to ensure you have a master disaster proof business plan in place so all the hard work you have put into your business survives no matter what curve balls are thrown.
Do you have your master disaster proof business plan created? Is your business ready?