If you’re running a small business, no doubt there are any number of issues demanding your attention on a given day. The disaster that might happen in the future might not be at the top of your priority list. However, research done by Hartford Insurance Company shows that 40% of businesses that don’t have a disaster recovery plan go out of business after a disaster. Assessing your vulnerabilities is the first step in creating an effective disaster recovery plan.
When considering threats, there are three main categories that should be on your radar.
You may not have much control over when or where a natural disaster will strike, but recognizing the risk and having a plan to deal with that flood, tornado, hail, lightning, etc. could save your business. Consider the impact of these threats on the structure of your building and the availability of your workforce.
To start, make sure your building is up to code
. Make sure you have what you’ll need on-hand if a natural disaster occurs: if you’re concerned about floods, stock sandbags. Assess which parts of your building are critical and which are at the biggest risk. Focus attention on those areas first.
Unfortunately, people can get more creative than the weather. Human threats may be less predictable than natural disasters, but ask yourself if your business is prepared to continue operating if the following should happen:
- Loss of key employees
- Acts of terror
Protecting your business from human threats needs to include an element of information technology as well. Data breaches are becoming almost common with big companies making the news every day for losing customer data
. Assess your IT security; make sure your software is up to date, patched and free of holes. Your disaster recovery plan needs to include information security.
Don’t let a disaster be your retirement plan; create a disaster recovery plan instead. Protect your business. Assess your vulnerabilities and prepare to respond quickly and effectively should a disaster strike.