29 Aug 2019
sign that says "disaster ahead"

How you can recover after a natural disaster.

Experiencing a natural disaster is one of the most devastating things that a business owner will ever have to deal with.  If you are attempting to recover from the damage caused by an emergency event, then there are some steps that you can take.  Here’s what you can do to help your business bounce back after a natural disaster.

  • Contact FEMA or SBA

If your business needs immediate assistance following a natural disaster, then you should contact a relief agency as soon as possible.  For instance, you can reach FEMA (Federal Emergency Management Agency) at 1-800-621-3362 and SBA’s (Small Business Administration) Disaster Assistance at 1-800-659-2955.

  • Take Care of Your Staff

Following a major natural disaster, you need to take care of yourself and your employees.  First, evaluate yourself to ensure that you have not suffered any major injuries.  Once you are sure that you’re okay, you should make sure that your staff is healthy as well.  If necessary, take injured staff members to get medical treatment or call emergency medical services as soon as it is safe to do so.  Remember, caring for your staff is an ongoing process.  You may have to provide support for the employees that are traumatized by the natural disaster event.

  • Inform Your Lender

You should contact your lender to inform them of the emergency situation.  Oftentimes lenders will work with businesses and temporarily defer their payments until the situation is resolved and business operations are once again up and running.

  • Document Damage

After a natural disaster, your business will probably be left with significant damages.  To ensure that you receive enough compensation to address the full scope of your damage, you need to take pictures or videos that document the issues.  Submitting this visual evidence to your insurer will help your claim go through much more efficiently.

These are some of the steps that you should take to help your business recover after a natural disaster.  Do you have more questions about your business’s insurance coverage?  If so, then contact the experts at Patterson & Associates in Richardson, Texas.  We are ready to assist you with all your commercial coverage needs today.