You have poured your time, efforts and money into your business, and its success rests squarely on your shoulders. While you may have control of the day-to-day operations, you cannot control every factor that can affect your business. For that reason, it is wise to have a plan in place in case the unthinkable happens.
While California is familiar with natural disasters, it does not take a catastrophic event to cause the kind of damage that could bring your company to the brink of bankruptcy. Having a disaster plan in place can help you get back in business as soon as possible, as well as facilitate your dealings with your business' insurance company.
A plan in place could save your business
Would you know how to keep things running while you rebuilt or repaired your offices? Do you know how much space you would need, know what kind of equipment is essential or understand the accommodations you would have to make for the various tasks your employees perform? This is the starting point of your business' disaster plan.
If you ever have to seek an alternate space to temporarily house your offices, knowing the size and amenities you will need is critical. Having a list with prioritized jobs can keep your business going through the difficult interim period. However, this is just the first step. Other details to work out in your plan include the following:
- What equipment is critical during the recovery period after a disaster?
- What supporting equipment do you currently have that you would have to replace when you are in your permanent offices again?
- Do you have an existing space offsite, such as a section of your warehouse, where you can relocate temporarily?
- Is there another nearby business owner who may suffer the same loss during a disaster and who may be willing to share a temporary space with you?
- How much money will you need to make your plan workable?
A disaster that forces you to suspend business while you recover can mean substantial loss of income. Your recovery plan can expedite your return to fully serving your clients and customers, but implementing that plan may depend on receiving a fast and fair response to your insurance claim. When this does not happen, you will want the advice and advocacy of a legal professional who has extensive experience dealing with insurers in California.