Most companies have some type of a business plan. But what about a disaster plan?
Disasters do not book a date on the calendar in advance. What if your business had to shut down unexpectedly due to a weather-related emergency? Do you have a specific, detailed plan on how to successfully navigate the crisis?
According to one study by FEMA, one in four businesses impacted by an unanticipated disaster never reopen their doors. The lack of a disaster plan is often one reason; another can be the lack of adequate business insurance coverage. That’s why a visit with an insurance agent is so important. Your insurance agent can guide you through a series of questions that will help you determine what type and what amount of commercial insurance coverage can keep your business running in the wake of a crisis.
According to a recent Gallup Poll, half of newly launched enterprises fail to survive the five-year mark. How many of those aspiring entrepreneurs failed to tap the expertise and knowledge of an insurance agent? Don’t let your business be one of those statistics. A quality disaster plan and adequate insurance coverage can help your business survive what life throws its way.
