The Affairs Organizer Blog

This WSJ article has a few ideas about steps businesses should take towards creating a disaster plan.

Excerpt:

“Review insurance policies. …(including) property insurance policies, which cover the cost of replacing damaged or destroyed equipment or buildings. But also consider business interruption insurance, which covers lost income in the event that your business is forced to shut down temporarily.

Develop a contingency plan. Come up with a list of backup vendors or suppliers in case your primary ones are shut down. Consider alternative work sites so that you can keep operating. Keep a list of twenty- four- hour emergency numbers for all your employees, and develop a quick and efficient way of keeping employees informed.

Back it up. Make backup copies of all critical records, such as accounting and employee data, customer lists, production formulas and inventory. Keep that information in a separate location at least fifty miles away, or subscribe to a online data backup service provider.”

The WSJ article was adapted from Colleen DeBaise’s upcoming “The Wall Street Journal. Complete Small Business Guidebook,” which I have not yet read.