According to the American Red Cross, almost half of all small businesses affected by a major disaster, such as a tornado, flood, earthquake or hurricane, do not reopen their doors because they were unprepared for the disaster. Therefore, it is necessary for business owners and managers to consider the fact that a natural disaster is possible. Ask yourself these questions: How could I continue to conduct business if the city (or even just the streets near my building) are closed off? How could I serve my customers’ needs if my facility needed to close for several months? Could my business survive if it was closed down for several weeks or months?
Even if a hurricane does not put your company out of business, you may not be able to make contact with your customers or obtain important deliveries. To combat these risks, you must take the necessary steps before a disaster strikes to ensure business continuation.
In addition to the various precautions that you should take in-house, you should also have adequate insurance coverage to protect against losses. Contact Fidella Insurance Agency to discuss your needs and review the coverages that are right for you. Beyond your typical policies, consider Flood Insurance and Business Interruption coverage policies. Also, have your business appraised every five years and provide appraisal documentation to Fidella Insurance Agency. In addition, conduct an inventory of your supplies and equipment, including photographs of these items and descriptions. Then leave this information in an off-site location.
Everyone at your facility should know what to do and how to prepare for a hurricane. Contact us for all your business contingency planning and property insurance needs.