In the aftermath of a man-made or natural disaster, you and your company will have a number of concerns to account for as you prepare to reopen for business. Follow this checklist to ensure that you take the proper steps to recover after a disaster strikes.
- Contact your insurance provider(s) to start the claims process.
- Assess damage:
- Make note of any structural damage to building(s).
- Note any damage to equipment, machinery or company vehicles.
- Note any lost or damaged inventory (both materials for business use and products for sale).
- As they come to your attention, compile a list of concerns that must be addressed before you are able to reopen.
- Contact employees, suppliers and customers to inform them of any disruption in operation and an expected date when they can anticipate it to resume.
- If you have concerns that damage to a building could pose a safety hazard to employees or customers, have the building professionally inspected.
- Properly secure the building while repairs are being made or if relocation of business activity is necessary.
- Ensure utilities are restored and in safe working order before resuming business operations.
- Properly repair and clean facilities to ensure the environment is free of any safety hazards before resuming business operations.
- File a claim with your business interruption insurance provider.
- Determine the amount of lost income the disaster has caused.
- Compile the following information to share with your insurance adjuster:
- Sales records and history.
- Profits and loss statements or tax forms.
- Consider any financial responsibilities you may have, such as payroll or scheduled payments to creditors.
- Keep detailed records of all expenses incurred during the recovery process.
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This checklist is of general interest and is not intended to apply to specific circumstances. It does not purport to be a comprehensive analysis of all matters relevant to its subject matter. The content should not, therefore, be regarded as constituting legal advice and not be relied upon as such. In relation to any particular problem which they may have, readers are advised to seek specific advice. Further, the law may have changed since first publication and the reader is cautioned accordingly. © 2013-2015 Zywave, Inc. All rights reserved.