loader

COVID-19 Update:

At RMS and associated firms, business continues as usual. Our staff is remote-capable and available to handle all partners, brokers, and insureds at the present time.
Contact us today! Executive Order for Policyholder Payments

How to Handle an Interruption of Your Business Operations

Aug 29, 2019

Blog

How to Handle an Interruption of Your Business Operations How to Handle an Interruption of Your Business Operations

Here are some of the things that you can do to deal with a business interruption.

As a business owner, the last thing that you want to deal with is a halt in your business operations.  Unfortunately, business interruptions are sometimes unavoidable.  This it's why it's so important to plan ahead for these emergency events.  Here are some of the things that you can prepare now to ensure that business interruptions are handled correctly.
  • Create an Emergency Response Plan
An emergency response plan details the steps that your employees will take if your business is hit with a natural disaster.  This plan should include how your employees and customers will evacuate the premises and communicate during the actual disaster event.  Additionally, your plan should detail where everyone will meet following the evacuation and how to check in and make sure that everyone has exited the building safely.  Once you have an emergency response plan in place, your employees should practice it several times to ensure that they know what to do in the event of a real emergency.
  • Develop a Crisis Communications Plan
Your crisis communication plan is how your business will stay in contact with its employees and customers during and immediately after the emergency situation.  To start, you should appoint an official spokesperson for the different audiences that your company appeals to.  For instance, you should have one spokesperson for employees, another for customers, another for suppliers, and so on.  Through your appointed spokespeople, your business will disseminate important news regarding plans for reopening, resumption of business operations, and so on.
  • Make a Business Continuity Plan
Finally, your business continuity plan will detail how your business will continue in the face of a natural disaster.  For instance, if your business manufactures or distributes products, then you might still have orders coming in despite your business being closed.  Your continuity plan should detail how to either fulfill these orders or how to salvage business relationships in the event that a contract or deadline cannot be met. These are some of the things that you can do to help with a business interruption.  Want another way to help your company survive an interruption?  Then make sure you have the right business insurance in place.  For assistance with your commercial coverage, contact the experts at Club Agency Insurance Brokerage in Garden City, New York today.
Life Stages and Life Insurance: When Does Coverage Make Sense? Life Stages and Life Insurance: When Does Coverage Make Sense?
Life Stages and Life Insurance: When Does Coverage Make Sense?
Pools and Liabilities: How They Can Impact Your Homeowners Insurance? Pools and Liabilities: How They Can Impact Your Homeowners Insurance?
Pools and Liabilities: How They Can Impact Your Homeowners Insurance?
Protecting Yourself as a Tenant: Understanding Liability Coverage for Rental Damage Protecting Yourself as a Tenant: Understanding Liability Coverage for Rental Damage
Protecting Yourself as a Tenant: Understanding Liability Coverage for Rental Damage
Take Control of Your Car Insurance Rate: Become a Safe Driver and Save Money Take Control of Your Car Insurance Rate: Become a Safe Driver and Save Money
Take Control of Your Car Insurance Rate: Become a Safe Driver and Save Money
Proactive Protection: A Guide to Workers' Compensation Claims for Employers Proactive Protection: A Guide to Workers' Compensation Claims for Employers
Proactive Protection: A Guide to Workers' Compensation Claims for Employers