Article

Is your business prepared for a disaster?

slide_NPM2014.jpg

Sponsored by FEMA, September is National Preparedness Month, which aims to educate people on how to prepare for natural disasters, terrorist attacks, and other emergency situations, both individually and with regards to their business. It is important to prepare your business for any variety of small or large scale disaster events.

1. Program Management

  • If you don’t know where to start, try taking the American Red Cross’ readiness assessment quiz.
  • Develop your disaster preparedness program.
  • Be aware of new laws or regulations that may be in place to meet the minimum requirements of a disaster preparedness program.
  • More program management info can be found here.

2. Planning

  • Depending on the location and risks of your business, your program could take an “all hazards” or “specific hazards” approach. To be safe, an “all hazards” approach is the way to go.
  • Once hazards are identified, research ways to reduce risk.
  • Conduct a business impact analysis (BIA) to determine the potential consequences of a disaster as well as recovery strategies.
  • More planning info can be found here.

3. Implementation

  • Write a preparedness plan that addresses at least the following aspects: emergency response, crisis communications, business continuity, employee assistance.
  • Develop a system to train employees to manage incidents so they can execute these plans.
  • More info on implementation can be found here.

4. Testing and Exercises

  • Test the different aspects of your disaster preparedness plan.
  • Clarify the roles and responsibilities of your staff in the event of a disaster.
  • Learn your plans gaps or weaknesses so that they can be improved.
  • More info on testing and exercises can be found here.

5. Program Improvement

  • Identify a method to regularly improve your preparedness program (quarterly, semi-annually, annually, etc.)
  • Stay aware of new best practices regarding preparedness and recovery plans.
  • More info on program improvement can be found here.

Disasters can strike where and when you least expect it. It is worth it for your business to invest the time and money necessary to prepare for them in advance. For more information on how to protect your business from an unexpected event, visit the websites of the Department of Homeland Security,Small Business Association, and FEMA.

Modern technology and networking concept, woman using laptop, tablet and smartphone with virtual screen API icon Software development tool. API Application Programming Interface.

Integrate With PEX and Automate Financial Processes: How to Make Operations Simpler & More Secure

Young woman analyzing bills while writing in diary. Beautiful female is using digital tablet at table. She is sitting on sofa at home.

How PEX Leads the Way in April’s Financial Capability Month & Beyond

Shot of two businessmen shaking hands in the office.

Bento for Business Closing: A Smooth Transition to PEX Ahead

Stay up to date on the latest PEX news!

Opinions, advice, services, or other information or content expressed or contributed here by customers, users, or others, are those of the respective author(s) or contributor(s) and do not necessarily state or reflect those of The Bancorp Bank, N.A. (“Bank”). Bank is not responsible for the accuracy of any content provided by author(s) or contributor(s).