Hurricane season is from June 1 through November 30.  On October 29, 2012 the East Coast was hit with Hurricane Sandy.  Many businesses are still recovering and rebuilding from the largest Atlantic Hurricane on record.  Power outages, high winds and flooding affected many areas in New Jersey and New York.

The Small Business Administration and Agility Recovery hosted “Protect Your Business This Season” webinar.  

Below are five steps to protect your business before a disaster like Hurricane Sandy:

Evaluate Risks

All types of risks exist such as environmental disasters, organized disruption, loss of service, equipment failure and many more.  Assess your company building for risks (inside and outside).  Also, assess business losses during and after a disaster strikes.

Calculate the cost of interruption

Calculating for  “post-disaster”  consists of many different scenarios.  Creating a plan for up to six months of interruptions for your company.  Another major concern is to design a backup plan with secondary vendors in case all primary vendors cannot provide their specific services. 

Insurance Coverage

Consult with your agent and an insurance expert when buying insurance for your business.  Insurance policies vary, it is important to design a policy that best fits your needs.

Create a communication plan

Gather primary and secondary e-mail addresses for all employees, contractors, vendors and customers to put an e-mail alert system in place.  Businesses could also use Social Media to alert public before and after a disaster.

Telework Policy

If a disaster strikes, employees may not have the ability to travel to the office.  Setting up a Telework Policy will grant employees access to work from home.  This policy can be for all employees or specific employees.  

Need help preparing for Hurricane season?

Contact us at 856-745-9990 or click here.