Six Steps to Minimize Business Interruptions

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.

Having a plan in place serves the following purposes:

     • To protect employees and personnel

     • To prevent environmental contamination

     • To protect revenue, assets and information

     • To prevent loss and to contain loss that occurs

     • To protect your reputation

     • How to Minimize Business Interruptions

Here are six steps you can take to help minimize business interruptions:

     Step 1: Determine the Risk

     Step 2: Calculating the Cost of Interruptions

     Step 3: Understand Your Insurance Coverage

     Step 4: Implementing Steps for Prevention and Mitigation

     Step 5: Create a Crisis Communication Plan

     Step 6: Preparing an Emergency Plan

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