Disaster plan in place?

With the focus of this blog on small business insurance and risk, we would be remiss in not mentioning an important facet of any small business' risk management program, disaster planning. It cannot be overstated how important it is to set up a plan in advance to prepare for the possibility of your business suffering a major catastrophe. In the event of a hurricane, tornado, flood, etc. and your workplace/structure was wiped out, it might be good to know where you would set up an alternative place to work until your original structure was repaired or replaced. What about information systems and the valuable business related information contained in them? Are these systems backed up on consistent basis? What if they are wiped out? Do you have access to the backed up/saved information in a timely manner in order to get up and running? Think of the nightmare in having to recreate the systems you use on a daily basis. You don't even want to get into the headache of lost financial records. These items are just the tip of the iceberg when taking into account the myriad details of running a business and how important it is to make a plan addressing those details in case disaster should strike.

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