It only takes one Hurricane to do a lot of damage to your business. How ready are you?
After a disaster hits, your insurance can help get your back into business. How soon often depends on your preparedness. So here are a few things you can do to make recovery easier:
1. Copy, copy, copy. – Your available records are a key to moving the process forward.Scan records, tax returns, deeds, and insurance documents. List all financial account information. You can put all the information on a flash drive and store the drive away from the business location. Consider the idea of storing the information in a lock box somewhere for quick access.
2. Video Records can help. – Create a video of the business possessions. Show serial numbers where possible and describe the items and condition with a voice-over. Store the video with the flash drive noted above.
3. Cash and information is King. – Put together what boaters call an “overboard bag”. Pack it with enough cash to hold you over for 2 weeks (yes it is hundreds of dollars), along with key phone numbers like insurance broker, banks, etc., a few weeks of prescription drugs and some clothes. Put the bag in an easily accessible location.
4. Backup business information as often as possible and store them in a remote location. There are many options available.
Are You Ready?
Steve Koenig – SCORE Counselor
Visit us at: www.scoresouthflorida.net