Tag Archive for: company

Does Your Business Have a Preparedness Plan?

Preparedness Plan

Would your business be able to survive a disaster? A preparedness plan can help.

If a natural disaster were to disrupt your business, would it be able to pick up the financial pieces? Unfortunately, breezing your way through a natural disaster is not easily done. Many companies these days are creating a preparedness plan to bounce back from any form of natural disaster.

Natural disasters interrupt your business for days or months with the potential of your business never being able to reopen. It’s estimated that 1 in 4 companies never reopen their doors after a disaster, with 1 in 5 businesses experiencing a business disruption. As no one can control the weather and divert rainstorms away, you can take action to protect your business! As a business owner, set up a disaster plan so that you and your team knows what to do should tragedy strike.

When creating your plan, be sure to include:

Direction and Control 

This area of your business continuity plan will give a summary of some of the key areas. While explaining the reasons for this plan, it should be noted whose responsibility it is overseeing duties and the incident workflow.

Communication

Increase the safety of individuals as well as the property by clearly communicating during an emergency. Establish the location of emergency contact information, who notifies employees, and how customers and suppliers would be informed if something were to happen.

Safety

Inform your staff the proper procedures to follow in case of an emergency to ensure everyone’s safety. Safety training, shelter locations, check-in sheets, and even family preparation for employees should be established in this section of your plan.

Property Protection

Trying to replace a business’s property can be a big enough financial struggle that it can keep the doors closed for good. Ensure that you protect your investment in an emergency that you cannot control. Create mitigation steps for each threat. For example, in the case of a fire, you should have a backup records procedure, along with fire protection systems labeled.

Recover and Maintain

If the unexpected were to happen, you should know how to get your organization back up and running again in the most efficient way. It should be noted who will hire new employees, what employees will be kept on, and the team expectations. To prepare everyone in the company for an emergency, there should be multiple drills, exercises, and audits every year.

While recovering your business is no small fete, it doesn’t have to be a prolonged disaster. Let the professionals protect your business;  contact Chambers & Company Insurance Brokers to get started on your tailored insurance policy! Check out your free commercial insurance quote here.

Protecting Your Business with Liability Insurance

Business liability Insurance California

Your business deserves the liability protection to keep it safe!

Any business, large or small, is most likely forward thinking about the future and their successes. Despite the huge potential for a business, owners should be smart in protecting their company. This includes protecting it from legal headaches, financial strain, and reputation damage. In short, securing business liability insurance is a concrete way to protect your company!

Business liability insurance protects your business in the event of a lawsuit for personal injury or property damages. It will usually cover the damages from a lawsuit along with the legal costs, whether or not the case is won or lost.

Types of Business Liability Insurance
General Liability Insurance:
 This provides coverage to protect your business from injury claims, property damages, and advertising claims. Also known as Commercial General Liability (CGL).

Professional Liability Insurance: Businesses that provide services will need to consider having this coverage to protect from errors, malpractice, negligence, omissions. Depending on your profession, it may be a legal requirement to carry such a policy. Doctors and those in the tech industry are likely to need this coverage.

Product Liability Insurance: Small businesses selling or manufacturing products should be protected in the event of a person becoming injured as a result of using the product. The amount of coverage and the level of risk depends on your business type. A retailer of scrapbook supplies will have far fewer risks than a wood stove builder.

Are you ready to secure your business with liability insurance in California? Contact Chambers & Company Insurance Brokers. Our expert California agents know the risks of each business, and can take steps to safeguard your company.