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business people sittingA storm comes through and damages your business. You have business insurance to cover the losses. However, it will take some time. During that time, your business will not be operational. And you will likely need to file a claim for business insurance, specifically for business interruption insurance. If you have this type of policy in place, you can rest assured that most of your potential losses will be protected including lost income, help with employee payroll and even help with costs owed to vendors.

How to Avoid the Risk

However, it can be better for a business to take steps to avoid disruption as much as possible. Having a disaster recovery plan is perhaps the very best step to take. This type of plan gives you and your employees a step-by-step process of how to get the business back up and running faster after an incident occurs. There are many recovery strategies available. Here are some tips to take into consideration.

  • Create a plan that sets up a remote location for your business personnel to meet and to take action. It may also provide for steps to operate your business, when possible, out of another location.

  • Set up a chain of alerts for employees. One person needs to contact another person. Provide specific steps and contact information as well as a way to share information through social media tools.

  • Establish business interruption insurance and know what it covers. You’ll want to talk to your business insurance agent about this insurance, what it covers, the limits in place and what exclusions may apply.

  • Put specific people in charge of making key decisions. It is essential to know who is going to be in charge of each step of the recovery process.

  • If you need help creating a recovery process or data backup plan, talk to your business insurance agent. Many of them can help you to put in place the help you need.

Business interruption insurance is there to support you when your company cannot operate for an extended period of time. However, this is just one step in the process of protecting your company. Work closely with a company to create a plan that keeps your business operational even when there are disasters occurring around you.

We’re here to support your business endeavors. Call Allen Harmon Insurance at (269) 441-5156 for more information on Battle Creek business insurance.
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