4 Key Points to a Business Recovery Plan

Thursday, May 06, 2010

Is your business prepared and could you survive if the following occurs: A nearby explosion causes the power to be out for weeks, a fire, a pipe burst and floods your building, or a wind storm blows out most of the windows and rips off the roof?

According to the Insurance Information Institute - "Businesses that recover quickly are those that have planned in advance." To ensure that businesses are prepared, the Institute has prepared a 4-point catastrophe recovery strategy. A business inventory is a key component of point #2.

1) "Minimize the risk of damage in advance of an emergency".
2) "Develop a disaster recovery plan. A key component of this is to compile lists of equipment you own or lease, by type, model and serial number. Also, keep copies of important records and documents in a bank safety deposit box and keep them updated".
3) "Review your insurance program. Make sure you have sufficient coverage to pay for the indirect costs of the disaster - the disruption to your business - as well as the cost of repair or rebuilding".
4) "Review on a regular basis all the components of your disaster recovery strategy - fire safety and emergency preparedness measures, business continuation and building repair plans, and your insurance program. Communicate all changes to the key employees".

JLK Systems can help you provide the detailed list/report of equipment including photos and video. Key documents such as insurance policies, receipts of purchases and lease agreements can be scanned and included in the inventory report portfolio.

For further information, visit http://www.jlksystems.com/

http://iii.org/brochures/insuring-your-business-after-a-catastrophe.html





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