Shorten your business interruption with these tips.
If you are hit with a natural disaster, then dealing with damage to your business is just the start. The emergency event might also bring your normal business operations to a screeching halt. Because you do not have revenue coming in during a business interruption, it’s best to minimize the time that your company spends out of commission. To speed up your business interruption, try out these suggestions.
- Complete a BIA
A BIA, or business impact analysis, helps you predict the impact that a natural disaster could have on your business. It accounts for lost income, repair expenses, and delayed business plans. Completing a BIA helps you recognize any problems with your current emergency preparedness plan. For instance, it can point out any weaknesses with your customer communication, inventory management, or recordkeeping safeguards. Completing a BIA for your business will help you improve your disaster preparedness plan or help you create one if you don’t already have a plan in place. Click here to learn more about BIA and how you can conduct one for your business.
- Emergency Response Plan
Another way to prepare your business is by making an emergency response plan. An emergency response plan is a plan that you will follow if your business is impacted by a natural disaster. This plan should include how you will handle business operations and communications before, during, and after an emergency. For instance, your plan should cover how to safely evacuate your workplace, where your employees should meet up, and how to assist employees and customers with mobility issues.
- Crisis Communications Plan
It’s also important for your business to have a crisis communications plan as part of their storm preparedness plan. A crisis communications plan details how your business will communicate with employees and customers after a natural disaster. Your plan should designate a company spokesperson who will offer reassurance and will help protect your business’s reputation with its customers.
Try out these suggestions to minimize your business interruption. Remember, having the right commercial insurance is another way to help you through a business interruption. Need help with your business insurance? If so, then contact the experts at Robert J. Los Insurance Agency in Hamburg, New York. We are ready to get you the coverage that you need today.
Robert J. Los Insurance Agency
Address: 4167 Legion Drive,
Hamburg, NY 14075
Phone: (716) 648-6100
Toll Free: (800) 747-0780
Fax: (716) 648-6104
Monday-Thursday, 8:30 AM - 5:00 PM
Friday, 8:30 AM - 4:00 PM
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