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Draw up a disaster recovery plan for your business

Insurance can’t cover everything, and each coverage has its limitations. So you need a plan that allows you to get your business back up and running as quickly as possible. If you feel you don’t have the expertise to design this plan, there are plenty of professionals out there who can do it for you.

For this disaster recovery plan to be effective, you need to do the following:

• Make duplicate records of both computerized and written documents
• Identify your critical business activities and the resources needed to support them
• Plan for the worst-case scenario. Do research before a disaster strikes:
  • Alternative facilities
  • Equipment and supplies
• Set up an emergency response plan and train your employees how to carry it out. Consider:
  • Alternative power sources
  • Alternative communication systems
  • Evacuation routes
  • Fire safety procedures
  • Supplies such as first-aid kits and flashlights
• Compile lists of important phone numbers and addresses (lists should be kept off-premises), including:
  • Local and state emergency management agencies
  • Major clients
  • Calendar of special events or catering jobs, with contact information
  • Suppliers
  • Financial institutions
  • Insurance agent
  • Insurance claims representatives
  • Phone numbers and addresses for your staff
• Implement a business communications strategy to prevent the loss of clients. The strategy should enable your clients to contact your company at its new, temporary location.

Get an independent business insurance agent to look at your company's risks

Cookie-cutter solutions don’t work for business insurance programs. No two companies are the same, even two that are in the same business or franchise. You need to have your company looked at individually, and you need an expert to assess your business and the specific risks it faces. They will help you put together a comprehensive business insurance quote to protect you.

Additionally, you should have as many options available to you as possible for your business insurance program. This is best achieved (and with the fewest headaches) by using an independent insurance agent. They can ensure you get best insurance coverage and price available to you by:

• Shopping around for you;
• Knowing which business insurance markets will work the best for your business;
• Having an awareness of which companies have good claims services, and;
• Negotiating with business insurance companies on your behalf.

At Balcos Insurance, we’re happy to get you the information you need to help create a successful business insurance protection program.

We’ll take care of your risk analysis and put together a business insurance quote at no cost, with no obligation to buy. Our business insurance quotes and insurance services are highly competitive, and even provide resources that few (if any) other business insurance agents provide.

We want to help you find the best business insurance quote for your needs.

Protect your business – and your future – and call us for a free evaluation today.