Minimize Business Interruptions: Implementing Steps for Prevention and Mitigation

        Six Steps to Minimize Business Interruptions


Step 4:

There are three different approaches for controlling and containing potential hazards:

     • Prevention: This method identifies preventable hazards and implements
     steps to avoid occurrence of the hazards.

     • Deterrence: This method identifies potential criminal activities that
     create business hazards. Steps are taken to prevent the criminal activities.

     • Mitigation: This method identifies hazards that cannot be prevented.
     Steps are taken to control and contain the hazards in case of an occurrence.

According to the Federal Emergency Management Agency, 40 percent of businesses never reopen after a disaster. Implementing steps to prepare for and respond to disasters can help to reduce loss. In order to protect your business from unavoidable interruptions, it is recommended that you have a plan in place.