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Disasters never happen at a good time. But the timing is irrelevant. What counts is that your business can recover quickly with minimal long-term effects.
And that means having a disaster recovery program in place so that your company is well-positioned to respond
Plan for Relocation
A disaster could destroy your organization's facilities or at least make them temporarily inaccessible. Develop a plan that allows employees to quickly relocate and continue operating. If possible, split key functions so they aren't in one location.
Depending on your business, you may need to set up a fully functioning branch office. A low-cost alternative is to have an agreement with another company to maintain reciprocal "hot sites." Each company keeps a separate server at the other company's offices to cover essential functions and can count on borrowing work space, if necessary. In either case, the sites should be far enough away from the main office so that both won't be wiped out, but close enough (say, 30 miles) to reach relatively easily.
Another option is to identify a list of commercial property management firms that may be able to rent suitable temporary office space. And, of course, some jobs can be performed remotely, so consider rewiring key employees' homes to accommodate the necessary technical equipment or rewire someone's home to be able to put in enough computers to set up a temporary office.
to -- and rebound from -- a wide range of calamities. The issues your business may need to deal with range from persuading loyal employees to stay home if they are not needed and determining how to pay vendors if the payment system is down.
Asking "what if" is the first preparation step. Answering that question allows your company to work out what it would do if hit by, for instance, a natural disaster, a flu pandemic, a burst water pipe at headquarters, a power failure at the main warehouse, or other disaster.
Here's a list of the most critical concerns to consider:
A well-structured disaster recovery plan can bring order to chaos and allow your company to resume operations in a relatively short period. Also, if your company has business interruption insurance coverage, a robust disaster recovery program sends a clear message to your carrier that you are making a concerted effort to mitigate losses and therefore the value of the overall claim.
If your business received a PPP loan, you may be eligible to have that loan forgiven. Our team can help you ensure that your loan forgiveness application is filed correctly and timely. Complete our five-question form, and we can provide a quote for your application by the next business day.Request a Quote