Prepare Business for Emergencies - Zinny Factor

In a world where emergencies and unforeseen disasters can strike at any time, it’s important to prepare your business for the unexpected. In Canada alone, 60% of small and medium-sized businesses have felt the blunt force of natural disasters, including fires, storms, and floods, costing billions in losses. These damages are so financially crumbling that many businesses fail to recover. You may not predict or control the forces of nature and other disasters, but your ability to survive them will depend on your preparedness. The following emergency tips can help your business survive an emergency. 

Know the main risks in your area

Different regions are prone to different risks, and the first thing you want to do is know what you’re most likely to encounter. For example, some regions are more prone to earthquakes, while others may experience wildfires and storms a lot often. The best way to find out what potential risk your business faces the most is to research local hazards. A quick search online can reveal the top hazards in your area, letting you know what to prepare for. You can also visit your local authorities and evaluate historical data to give you more insight into the main risks in your area. 

Determine the best way to recover from a disaster

After identifying the potential hazards your business is exposed to, take the time to create a comprehensive recovery plan to help you bounce back in case the unexpected happens. Your plan should be simple and easy to follow, as time will be of the essence when looking to recover from a disaster. Start by doing a risk assessment of the potential threats and determine the right steps to take in each situation. For instance, have a list of actions in case of a flood and another list in the event of a fire outbreak. Identify all the resources and equipment you’ll need to make them available. For example, is there easy access to fire fighting pumps and fire extinguishers in case of a fire outbreak?

Create a comprehensive plan for disaster recovery

Surviving an emergency is one thing, and recovering financially is quite another. Regardless of how detailed your emergency response plan is, you’ll likely incur some losses because of the disaster, and you’ll need a way to recover from that loss as soon as possible so it doesn’t stall your business. Your recovery plan may include designating an alternative location where your business can operate. You can also consider setting up an emergency fund to cover wages and other costs and notifying important business partners and customers. 

Setup a response team

It’s important to establish a response team capable of executing the necessary procedures without panicking or losing their sense of reasoning when faced with an emergency. Your team should consist of people who can coordinate the right emergency procedures, including evacuations and administering first aid under pressure. You can partner with emergency service consultants to help your business form your response team. They can also provide the necessary training to prepare members of that team to be better prepared to handle the unexpected.