Every business has its share of risks, some more than others due to their location. If your business is situated in an area prone to a natural disaster such as wildfire, blizzards, floods, etc., take time to prepare for these risks in advance. The following tips from Christensen Insurance Group can be helpful in protecting your small business in Sandy, UT against the risk of natural disasters.
Identify Disaster Risks in Your Business Area
Identify potential disaster risks in your business area and assess how these risks could affect your business, employees and customer base. Discuss emergency procedures you should take in the event of a disaster to protect your business and employees. Look for ways to protect your property, inventory, and equipment from weather based disasters to minimize your loss.
Create a Plan for Handling Disasters
You can’t prevent disasters from occurring but you can be prepared with a disaster recovery plan to help your company handle catastrophic events. Designate a team to be in charge of creating and executing this plan if and when the time comes. Divide responsibilities between team members so each person knows what their role is in a disaster. Make sure your employees know what to do in the event of a disaster and that they have an evacuation plan to keep them safe when disaster strikes.
Purchase Adequate Commercial Insurance Coverage
Make sure you have adequate commercial insurance to protect your business against a disaster. This includes sufficient liability, property damage and business interruption coverage to help you recover from disaster results. Review your policy regularly to ensure you’re covered for disasters common to your area and that this coverage is current with your business needs.
For more information about commercial insurance coverage to protect your small business against disasters, contact Christensen Insurance Group in Sandy, UT.
