Smart Disaster
Planning Steps
Too often natural disasters strike and serve as reminders
that it’s important for both individuals and businesses to protect themselves
against the potential financial consequences of such events. A few smart steps
we recommend include making electronic backups of important records, including
your insurance policies, tax returns, bank and credit card account information,
and vital records. It is critical that you store this backup in a separate
location that will be easy to access if your area suffers damage. You should
also take the time to take pictures or videos of your home or business and
store them separately in case you need to make an insurance claim.
If you run a business, you must consider how you will get
up and running again after a disaster. It’s a good idea to develop contingency
plans that will enable employees to work from home or elsewhere if your
location is damaged or inaccessible. Both businesses and families should
consider using phone trees or other methods to maintain contact in an
emergency. Review your contact and contingency plans every year to be sure they
are up to date.
Want further advice on protecting your family’s or
business’s financial well-being in case of a disaster? We can help. Contact us
today with all your financial questions.
Source AICPA -
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