Your Business Emergency Checklist For Preparation

KWB’s Essential Emergency Checklist for Your Business

Be prepared for any emergency that may occur by creating an Emergency Checklist. While this may have come in handy prior to the pandemic, there is still value in creating one now.

What you need for your Emergency Checklist

For starters, your emergency checklist should be outlined in your procedures manual, which documents every routine task your company performs. When a disaster happens, your team can refer to the emergency checklist and start to respond. Here are some key elements for your checklist:

• User IDs and passwords: It may sound simple, but everyone in your organization needs access to a single location for all user IDs and passwords. Your business may use dozens of systems that require this information, so your team needs quick access in an emergency.
• Cloud backup: Your entire operation should be backed up on offsite servers using the cloud. Cloud computing allows your staff to work more productively, but using the cloud also helps you recover quickly after a disaster.
• Working remotely: Employees may be able to work remotely using the company information on the cloud. Think through your operation to determine which tasks can be performed remotely and other work that must be performed onsite.
• Access to capital: Get access to a line of credit for your business, even if you only borrow a small amount to operate each month. In an emergency, you will need access to capital to reopen your doors. Don’t wait until you’re in a crisis to get access to cash.
• Flood insurance and other coverage: Have a conversation with your insurance agent to determine the coverage your business needs. Floods, for example,  but flood insurance is not included in the typical homeowners or renters insurance policy. Make sure that your physical assets are protected by insurance. Even if you have coverage, however, you may incur costs to restart your business before your claim is paid.
• Train your staff: All of these issues need to be addressed with your staff, and you should walk through your disaster recovery process once a quarter. Training your staff will help everyone take action if a disaster occurs.

When you prepare your annual budget for the next fiscal year, review your emergency checklist and make any necessary changes. Reviewing the emergency checklist should be on your calendar each year.

If you would like more information or have any questions, feel free to contact us at 780.466.6204, or click here to send us an email.