Business Preparation and Recovery for Storms
The Insurance Information Institute reports, “No business is totally immune from disaster. Every year, businesses temporarily shut down—or close forever—because of a disaster such as a flood, fire, or hurricane. Forty percent of businesses do not reopen after a disaster and another 25 percent fail within one year, according to the Federal Emergency Management Agency (FEMA).”
Is your business prepared for storm damage, so you don’t become part of these frightening statistics?
First you need to understand the different ways that a storm can affect your business.
- Building damage, property damage and inventory damage
- Prevents customers from getting what they need which can cause a loss of business
- Gives competitors a chance to gain parts of your market share if they are able to recover faster
- Hurts your employees’ abilities to earn a living
- And many others
So how can you prepare for something you’ll never expect to happen?
Make a disaster recovery plan!
Outline how each area of your business and its employees should respond in a disaster. This can include how to handle your inventory so it isn’t damaged, sensitive information handling should your facility need evacuated, protection of valuable equipment, or even how to set up quickly in a new facility while the original is being fixed.
Train your employees with your disaster plan and drill it, so that everyone feels confident in their abilities to enact their part of the plan.
Keep emergency supplies on hand. Batteries, flashlights, first aid kits, and even things like walkie talkies for coordinating emergency scenarios.
Important data should be backed up if possible OFF PREMISIES. This redundancy ensures that even if your original infrastructure is damaged, you’ll be able to resume operations with minimal time lost.