Planning for Disaster
Owning or managing a business leaves little time to devote to planning ahead for a disaster that may never happen. But everything from a natural catastrophe to a power outage or store room flood could force a business to close its doors. And anything that disrupts operations can mean big trouble for the bottom line or your competitive advantage.
It's easy to have the "it won't happen to us" mentality, but it does happen all the time. Unforeseen natural and man-made disasters can destroy the hard work and investments in your company.
Watch the short video below to hear from two NAED members about how real-life disaster affect their business.
According to the Insurance Institute for Business & Home Safety (IBHS), Business Continuity (also
known as Disaster Planning) is defined as the proactive process and
procedures that companies develop to ensure that all critical functions
of a business can continue during and after an interruption takes place.
The right tools can help you reduce the potential for loss if disaster
should strike, and will allow you to reopen quickly should you be forced
to close. This creates savings for your business and also benefits your
employees, customers, and supply chain partners who rely on your
business being open.