Helping Your Business Be More Prepared for a Disaster

9/7/2021 (Permalink)

If you are a business owner who has not yet considered what you would do in the event of a disaster, now is a great time to figure it out. Preparing for a disaster is one of the best ways to protect the investment you have made in your business. Though your commercial insurance policy may cover some losses, it will often not be enough—nearly 40% of businesses are never able to reopen after a disaster strikes.

Fortunately, planning ahead can allow you to significantly reduce the likelihood that your business will sustain irreparable damage and will help you and your employees stay safe if an emergency situation occurs. Here are some ways that any business owner can prepare for a disaster:

Check Your Insurance Coverage

While many business owners assume that if their commercial insurance policy is in good standing that they are covered, this is not always the case, unfortunately. While your commercial insurance covers many types of traditional losses, damages due to natural disasters are often specifically excluded from policies, leaving many business owners at a loss when they attempt to file a claim. 

Check your insurance coverage in advance to determine exactly what is missing from your policy and consider purchasing additional protection if needed.

Make Sure You Have a Plan for Employees

If a disaster becomes imminent while you and your staff are on-site, being able to manage everyone in a panicked state is extremely important. One way you can make this easier on yourself is by having a plan in place and communicating that to your employees ahead of time. 

You should have a plan for a sudden evacuation, such as when a fire or flood becomes a threat, but you should also make a plan in case you and your staff are required to stay on-site until help arrives. If everyone knows what to do, it will be much easier to keep the group calm and make sure people are safe

If your business has suffered damage due to a disaster, let us help you with restoration. We can work with your insurance company and completely restore all of your damages. Contact us at any time to learn more.