Insurers across the world have been paying out vast amounts of money in compensation for the disasters that have impacted business. However, if there is no system to ensure a business survives there is a strong risk that they’ll go down the plughole.

One major issue is not having evidence of outstanding invoices. Without the paperwork you won’t be able to collect the money you’re due.

Another is trying to get new broadband and phones installed. Have you any idea how long your supplier is going to take to install your links and those of anyone else who’s been affected? And who gets worked on first? You guessed it, the large companies who spend the most with that telecoms company?

And then again, even more fundamental – where do you relocate your shop, hotel, office or manufacturing plant?

These are questions that should be asked before any disaster. That gives you the opportunity to continue trading and maybe take the business from others who go to the wall who weren’t prepared.

One other thought…

Don’t think it can’t happen to you. Everyone who lost their business because they weren’t prepared felt that way!