Overcoming threats to your business during a disaster

 Maria Hills
  Apr 23, 2018

Many businesses come and go, some survive and some fail. There are many factors that lie behind the success and failure of a business including trends, management systems, government policies, the availability of business resources and how ready a business is to face disaster.

Regardless of how well a business is managed, natural disasters occur without warning. It’s not uncommon to hear about businesses having dire financial problems that even lead to complete shutdown following serious disasters such as hurricanes, floods and earthquakes. This is what is called a disaster factor. Luckily, there are ways to overcome these risks or at least mitigate a large portion of the consequences.

Any seasoned business person knows that no business is 100% risk-free. While it is impossible to avoid all risks, being well-prepared to deal with serious problems as they arise can go a long way in bringing a business back on the road to recovery. In situations where risks are difficult to eliminate immediately, controlling and minimizing techniques can be used to reduce the consequences of disaster when it occurs.

Disaster is difficult to predict

You may have predicted and prepared for every eventuality. You may have a lawyer ready to deal with possible legal threats. Backup machines may already be available to replace machines that can be damaged at times. Great IT experts may be right by your side if something happens to your site. Unfortunately, disaster will happen nonetheless and the resulting impacts are threats to the continuity of one’s business.

Many small and medium companies have no disaster or insurance plans established at the time of start-up. Natural disasters can lead to property loss of great value, while financial and marketing disasters can intensify existing problems within a business. Small and medium businesses are especially vulnerable to these types of risks.

This article suggests some anticipatory steps to minimize threats to a business during disaster. In order to set up an effective emergency plan that will ease the consequences of disaster situations, make sure to incorporate the following elements in your plan:

You should have a clear chain of command

A well-constructed plan with predetermined procedures will allow for risk responses to be carried out in an orderly and logical manner. A good leadership hierarchy will keep your company on track and oversee that operations continue smoothly even if a catastrophic disaster strikes.

You should have a good evacuation procedure

A structured evacuation system that enables the safe removal of your business resources (human and material) will reduce potential loss and ensure employee safety at all times.

You should have complete emergency equipment

Emergency equipment should be installed to ensure that risk factors are minimized. Equipment such as back-up generators and firefighting supplies can help prevent damage caused by power outages, fire and other disasters.

Provide specialized training for your employees

This is closely related to the second point of having a good evacuation system in place. Not everyone can remain calm and rational when disaster strikes. In some cases, panic among employees actually brings additional loss and endangers the safety of everyone involved. Specialized training in dealing with disaster will prepare your employees for the worst possible scenarios.

Finally, insurance is your last bastion in the face of disaster

You should ensure that all of your employees are covered by occupational safety insurance. It is not worth getting into serious legal trouble due to employing people outside the established employment rules in your country. Insurance for machines and some of your business resources is also indispensable because disasters like flooding and fire can destroy everything.

By ensuring the above points are included in your emergency plan, we hope you can minimize the threats or risks to your business in the event of a disaster. Although disaster factors cannot be eliminated completely, they can be minimized and dealt with in a structured manner to reduce damage. You’ve heard it before and it’s certainly true: failure to plan is planning to fail.

Overcoming threats to your business during a disaster

Maria Hills

Maria is part of the content and community team at Specialty Fuel Services - providers of emergency fuel continuation services, in locations affected by catastrophic events.

Popular posts

What Do Foxes Eat? Unknown Diet & Habitat

What Do Foxes Eat? Unknown Diet & Habitat

In this article, you will discover what do foxes eat? The foxes belong to the Canidae family. Their appearance resembles the dogs. Moreover, foxes have many similarities wi...

Sep 19, 2019
What Do Mice Eat? Surprising Facts About Mice
Sep 20, 2019
What Do Bears Eat? Surprising Facts

What Do Bears Eat? Surprising Facts

Today, our topic is what do bears eat? We are going to talk about the eating habit of bears. Bears are giant and strong animals. Normally, male bears are larger than female...

Sep 18, 2019
  • Add Comment