25 Oct 2018
Prepping Your Small Business for an Emergency

Tips for creating an emergency preparedness plan for your business.

A natural disaster or emergency situation can hit with very little notice and cause your company to fall into disarray. This is why it’s so important that business owners be proactive and plan for emergencies before they strike. Here are some of the emergency planning suggestions you should try for your small business.

Develop and Practice an Emergency Response Plan

An emergency response plan lays out the steps that you and your employees should take in the event of a major natural disaster or emergency situation. Your plan should include how to safely get your staff and customers out of your building during a disaster. Additionally, your plan should also detail how you will communicate and manage business operations immediately after the event. Your emergency response plan can be broken down into the following main sections:

  • Evacuation Plan: The steps that your employees will take to safely get themselves and any customers that are on your property out of harm’s way. This plan should explain where everyone will meet once they have evacuated and how to ensure that everyone has exited the building safely. Once this plan is made, your staff should practice it several times, so they know exactly what to do when disaster strikes.
  • Crisis Communication Plan: How your business will stay in contact with relevant parties immediately after an emergency situation. The best way to handle this is by appointing a different spokesperson for your employees, customers, suppliers, and so on. Through your spokespeople, you can spread important company information about reopening and re-establishing operations. Additionally, you will make communications more organized when there is a single point of contact for each relevant party.
  • Business Continuity Plan: The plan for handling your business’s ongoing operations. How your business will handle current deals and meet existing deadlines. Additionally, this plan should cover how to salvage relationships in the event that a contract cannot be fulfilled.

Secure the Right Insurance

In addition to having a detailed emergency response plan, your business should also have the right commercial protection in place. For instance, you should have coverage for the damage that your business and equipment might sustain as a result of the disaster. You should also secure insurance to protect against any liability issues that the emergency situation may cause. Finally, you’ll want to get coverage that will offer your company compensation to make up for the revenue that your business has lost as a result of a business interruption.

These are some of the steps that you should take to effectively prepare your small business for an emergency event. Ready to secure the comprehensive coverage that your company needs to protect itself? If so, contact the experts at Patterson & Associates in Richardson, Texas. Our dedicated team is ready to assist you with all your business insurance needs today.