Major natural disasters, like hurricanes and storms, can cause significant financial damage to businesses, often leading to a temporary shutdown, or even putting them out of business altogether. Because natural disasters can’t be prevented or anticipated, planning for them is crucial. Preparing for disasters means identifying key areas that would be most impacted, anticipating the types of disasters that pose the greatest risk, and proactively implementing policies and procedures to mitigate their effects.
Every business has their own unique circumstances that must be addressed in a disaster management plan, but there are five main areas that are common to almost all businesses, representing the greatest risks in any disaster scenario. When creating a disaster management plan, make sure to address each of the following: