Hurricane season is in full effect, but is your business prepared if a hurricane hits? Here are some useful tips to minimize losses and maximize on redemption.
Insurance- Beware of different coverages and refusals on your policies. For example, policyholders must have appropriate coverage in place for flood- and all other related damages.
Credit- You will need enough cash or credit to run your business even after being hit by a hurricane. If you won’t have enough cash, then make sure you can obtain credit.
Employees- Keep employees’ information up to date and accessible, checking in after such disasters is essential. Also be sure to be clear about what it will look like returning to your business.
Records and Restoration- Decide whether any important paper documents will be safer at your business or with you. Consider using a secure cloud storage system so you won’t have to worry about losing critical records. Having a recovery plan in place is crucial to reopening your business and minimizing potential damages.
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