Establish and practice a crisis management plan
Assign specific responsibilities to staff members so there is no confusion about who should evacuate employees, records, and crucial business equipment. Very importantly, have a backup plan in case critical personnel are out at the time of a catastrophe. Know ahead of time what you need to take with you in an emergency. Identify alternate power sources, and evaluate the crisis response capabilities of your vendors. According to the Insurance Institute of America, the following information is most often included in a crisis management procedures manual:
For additional information, click here to view Markel’s risk management guide.
The information provided in this article is intended for general informational purposes only and should not be considered as all encompassing, or suitable for all situations, conditions, and environments. Please contact us or your attorney if you have any questions.