Build a Plan to Protect Your Small Business During National Preparedness Month

September is National Preparedness Month. Led by the Federal Emergency Management Agency and sponsored by Ready.gov, this year’s theme is “Prepared, Not Scared.”

the U.S. Small Business Administration (SBA) has partnered with the Insurance Institute for Business & Home Safety (IBHS) to help businesses become more aware of their disaster risks while also helping them develop business continuity plans to recover and rebuild, with an eye on lessening the impact of the next disaster.

  • On Wednesday, Sept. 18 at 3 p.m. EDT, the SBA and IBHS will co-host a Twitter chat on business continuity and structural improvements and how they can reduce the risk of property losses. You can join the chat at #SBAchat.
  • On Tuesday, Sept. 24 at 2 p.m. EDT, SBA and IBHS will co-host a webinar that will share tips on how to fortify your property against natural hazards. Sign up for the webinar here.

Meanwhile, here are a few preparedness tips:

  • Look at the building where you do business, inside and out, to determine your potential vulnerabilities.
  • Do structural upgrades to protect your property, that can include:
    • Adding a retaining wall or a sump pump
    • Choosing noncombustible materials for decks
    • Sealing cracks
    • Installing permanent hurricane shutters
    • Installing impact-rated windows
  • Calculate the cost of having to shut down operations for a week, a month, or six months. Then investigate insurance options (like business interruption insurance) or build a cash reserve that will allow your company to stay open during the post-disaster recovery phase.

Visit www.sba.gov/disaster for more information on how to prepare for disasters.

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