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4/20/2011 - III says businesses should have a disaster plan in place


Business owners should be sure to have a disaster plan.

It's been hard not to notice the plethora of environmental disasters lately, as New Zealand, Australia, Thailand and Japan have all endured catastrophic levels of damage to homes and businesses.

Of course, no one wants to expect the worst can happen to them, but the Insurance Information Institute wants business owners to have a disaster plan in place so they can get back on their feet as soon as possible.

As such, the III says business owners should have procedures in place that all the employees are made aware of and can carry out when there's an emergency. Each employee should have a responsibility and know exactly what to do and where to go.

III says emergency numbers should be compiled so rescue crews can be contacted quickly.

Documentation is important to businesses, so the III says that any information that's crucial to a business' function should be duplicated and held in a separate location.

Business insurance plans are similar to home insurance policies in that they're not all-inclusive. Business owners should review their policies so that all potential disasters are covered.

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