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How To Prepare Your Business for Natural Disasters

How To Prepare Your Business for Natural Disasters

It is common to hear the term “disaster preparedness.” However, it is often treated as an afterthought. A recent study has shown that disasters can cause business owners additional debt burdens and be psychologically distressing. Natural disasters such as heavy rains, hurricanes, and earthquakes severely affect businesses. For small businesses, it could take weeks and possibly months to recover and resume operations. Here is how to prepare for them to minimize or prevent the damage.

Have a communications plan 

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An emergency operations plan is insufficient if you don’t know how to maintain communications when disaster strikes. A proper communications plan can be useful for maintaining contact with customers and working teams during and after the event. You can use messaging platforms such as social media, email, and other communication forms to inform everybody about the impact of the disaster on your business. It can also be useful to add contact information for clients to reach you if necessary. 

Identify potential disasters that could affect your business

Natural disaster risks can vary from one region to another. For instance, natural catastrophes in Texas may not be the same as those in California. When developing a disaster preparations plan, consider the possibility of each type of natural catastrophe occurring in your region. The local emergency management agency or representative can assist you with identifying your exposure risks. 

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Also, identify which business areas or operations are most vulnerable to natural disasters and make adequate plans to mitigate the risks. For instance, if your business is at high risk of rain storms, it can be useful to have proper roofing to secure the property. Fortunately, professional roofing services such as RPS Metal Roofing & Siding, Inc offer high-quality metal roofing and accessories to boost property appeal and survive even the harshest weather. 

Review your insurance coverage

Another crucial strategy is to book an appointment with your insurance agency to learn more about your coverage policy, deductibles, and limitations. Does your current insurance cover flood damages, business disruption, or fires? It can also be useful to learn if you need a policy rider. Examine your business data and worth, the number of workers, vehicles and other business assets to guarantee that you have adequate protection. According to the Insurance Information Institute, businesses that plan against natural disasters make faster recoveries and suffer minimal impacts on their costs and revenues. 

Back up your business data 

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Your business data is crucial, and you want to keep it safe regardless of your business location or the climate season. It is best to keep your existing paperwork off-site and make copies as required. For example, salary information, tax paperwork, and insurance claims are some fundamental data you should keep securely. With an estimated 61% of businesses moving their workload to the cloud since the pandemic outbreak, you can take advantage of the technology to disaster-prepare your business. 

Disaster preparedness doesn’t always have to be expensive. Natural disasters happen, so you can’t leave anything to chance. The above are a few ways to prioritize protecting your investment.

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