Disaster Planning From Berkley Mid-Atlantic Group
No one plans to have a disaster, but everyone should have a disaster plan. Some companies have dedicated departments that specialize in disaster planning, but in most businesses the responsibility rests squarely on the shoulders of the owner or general manager.
Insurance industry figures show that about one-fourth of small businesses that close because of a disaster, whether natural or human-caused, never reopen. In most of these cases, advance planning would have made all the difference, but it didn’t get done because of limited resources, lack of knowledge or competing priorities.
Berkley Mid-Atlantic Group agents and insureds have access to this tool.
Professional disaster planning assistance is available through the Institute for Business & Home Safety® (IBHS), a nonprofit insurance industry association. Open for Business® (OFB) is the institute's comprehensive continuity planning program and its new OFB-EZ™ tool is streamlined for small businesses. The IBHS mission is to reduce the social and economic effects of natural disasters and other property losses by conducting research and advocating improved construction, maintenance and preparation practices.
This planning tool focuses on three categories of protection to help you survive a natural disaster:
- Your human resources
- Your physical resources
- Your business operation
You will identify what natural hazard events could affect you and what you can do to reduce your exposure to the events through protection of your building and contents. You will also develop a plan to resume essential business operations.
The planning tool allows you to create and store your own business continuity plans in hard copy or electronically using PDF and Word documents.
Click here to be directed to the IBHS OFB® website.