In 2017, the U.S. experienced 16 weather disasters that caused losses topping $1 billion each, according to the National Oceanic and Atmospheric Administration. Weather events can strike any business. Companies with a plan for surviving one are more likely to make it through relatively unscathed.
Here are some steps to take as a starting point.
First, for employees:
Second, for data, systems and equipment:
Third, for business partners:
Fourth, for processes and services:
Disaster preparation is an ongoing exercise. Your plan should change as your business changes.
Your accounting professional can help you develop a disaster plan designed to safeguard employees and others, and to minimize property loss and the disruption to your operations.
© 2018
This material is generic in nature. Before relying on the material in any important matter, users should note date of publication and carefully evaluate its accuracy, currency, completeness, and relevance for their purposes, and should obtain any appropriate professional advice relevant to their particular circumstances.
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