Tag Archive for: prepare

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.


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.


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.

What You Need Before You File Your Taxes

What You Need Before You File Your TaxesWhether you love it or hate it, here’s what you need before you file your taxes!

Tax season is not the most loved time of year, but tax preparation is non-negotiable. If you opt to see a tax professional or you decide that you’re good with numbers and can tackle it yourself, being prepared is imperative.

From gathering key documents to identifying deductible expenses, here’s everything you need!


  • Last year’s tax return – To file your tax return, your new tax accountant will need to see your previous return as you may qualify for some of the same deductibles or write-offs that you received from last year.
  • Wages statement – You should receive a W-2 from your employer outlining what you earned and paid in taxes for the year. If you’re self-employed or do freelance work, you should’ve received 1099 forms for income over a certain threshold.
  • Interest and dividend income – This includes 1099 forms reporting interest and dividend income for any bank or brokerage firm that you have accounts with now or within the prior year.

Identify deductible expenses:

When you take a deduction, it reduced the amount of income you have to be taxed on. Here’s a list of some expenses that you may be able to deduct:

  • Mortgage or home interest paid (Form 1098)
  • Real estate and personal property taxes paid
  • Charitable contributions
  • Student loan interest
  • Tuition and education fees
  • IRA contributions

In addition to to preparing your paperwork, have your logins, passwords, and thoughtful questions ready!

To take care of your financial future, contact Chambers & Company Insurance Brokers for all of your insurance needs today! Serving California with quality insurance, our dedicated professionals work to provide you with suitable and affordable coverage.