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The Importance of an Emergency Business Plan

Once again, another snowstorm looms over the Midwest, threatening to bury us under at least another six inches of snow. For many businesses, this will mark another period of closures as the roads become slick with ice and highways become impassable with snow. For some businesses, this disruption of commerce will not cause setbacks beyond the loss of business for a day, but for other businesses, the closures may result in lost and damaged products.

To minimize these kinds of problems, businesses need to make sure that they have an emergency business plan in place.

An emergency business plan essentially outlines the general threats and emergencies that your business might face throughout the course of the year. This goes beyond marking fire exits and checking to make sure that the sprinkler systems are working. It includes snow days, flooding, fires, tornadoes, and so forth.

The emergency business plan itself should outline all of the procedures needed to deal with the situation effectively. This should include emergency contact numbers, alternate suppliers, and potential strategies for increasing revenues for a brief period of time.

Make sure that all of the business partners and managers have access to this. You may want to codify it based on certain events happening before procedures are to be implemented. Regardless, make sure that you have it, and update it as you need to.