Whether man- made or naturally occurring, a disaster
can imperil even the most rock- solid business. Not shockingly, the very survival
of a business often hinges on how quickly and how completely it is able to recover from the catastrophe.
In today’s competitive environment, it is easy to get wrapped up in the daily details of running a business. While this mind- set helps get the job done, it can be overdone, particularly when it leads to tunnel vision. As recent disasters have vividly demonstrated, the choice between focusing on daily operations and planning for future disasters is no choice at all — planning is essential to the survival of the enterprise.
As such, developing a disaster
recovery plan and assembling a team to implement that plan, before the loss occurs, is invaluable. While generally no single disaster recovery plan will be right for every business,
this week we bring you some insurance
and property considerations that require prompt action when a disaster
occurs.
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