What you can do now to minimize business interruption
Every business faces exposure to risks that could shut down operations for a significant period of time. When a business cannot operate, revenue is negatively impacted while recurring expenses continue. This cash flow imbalance and longer-term customer retention declines can cause the business to close permanently.
Preparation for catastrophic events, from manmade disasters resulting in structure fires and water damage to weather events such as hurricanes, high winds, and lightning storms, and most recently the COVID-19 pandemic is critical.
As someone in a position to manage risk for your business, follow these insights to help you create a proactive, systematic approach to disaster planning and recovery with an emphasis on minimizing risk in advance of a loss.