4 Tips for Preparing Your Company for a Storm

4/20/2021 (Permalink)

Getting Your Company Storm Ready

While disaster preparedness is not everyone's favorite activity, it can be the difference between a company surviving a storm and one that does not. When a hurricane strikes a small company, as many as 40 percent of these businesses never reopen. That's why a good plan is critical. What, though, is the best approach when you do not have infinite time and resources? Here are four top tips for getting your company ready.

1. Get Insurance. Having the right policy in effect when a storm strikes can be a lifesaver. It's a good idea to spend some time structuring a policy that makes sense for your company. Business interruption insurance can cover some of the expenses if the damage is so severe that normal operations are suspended. Claims payments can replace lost inventory and damaged equipment that is vital to your success.

2. Fortify the Building's Exterior. A strong and built building to withstand high winds can survive a hurricane or tornado where a weaker builder will not. A fortified roof system will have a better chance of keeping water out. Durable siding is a crucial aspect of business preparedness, as are windows built to hold up in strong winds.

3. Make a Disaster Preparedness Checklist. This document will include all the information needed in a storm: important contacts of emergency services in Chuluota, FL, the location of critical equipment, shutoff valves, and emergency supplies, and the phone number of a local storm remediation team for assistance in the recovery.

4. Spend Time on Planning. The more time your company spends on planning, the better its disaster preparedness will be. It's a good idea to consult with experts and bring in professionals to coach employees on what actions to take and not to take in times of stress. Organizations such as FEMA have helpful resources to help with your efforts.