Many small business owners depend upon the holiday season for its end-of-year business boost. Holiday shopping brings a large increase in foot traffic which leads to boosted sales. To attract the spike in sales, businesses use eye-catching holiday decorations, announce special sales and hire additional (usually temporary) staff to create a festive atmosphere and cater to this influx of customers. However, the added business brings distractions and the increased risk of accidents and injuries.
Because they are new to your operation and procedures, seasonal employees usually present the highest risk. In fact, some of these injuries could cause them to be absent from work. Not only would you have employee injuries to deal with, but you would have fewer staff than expected just when you need them the most. But by incorporating workplace safety training into your employee orientation, you can avoid many of the headaches.
If you could use a few tips to minimize holiday accidents, just click "Read More" below...
We've all heard the stories: A company loses key resources due to a shooting spree by a former employee... A business is wiped out by earthquake or flood... A corporate data center is destroyed by fire and brings down a national network. As a business owner, you probably sympathize but then rationalize that business insurance or government agencies like FEMA will be able to help.
While business insurance benefits and government support offer financial assistance, will affected companies continue doing business in the wake of such disaster?
It should – if you have an up-to-date Business Continuity Plan that includes a tested Disaster Recovery Plan, and provided that all key people in your organization know how to use it.
On the shelf since 2001, you say? In that case, you might only consider yourself safe if supply vendors, computers, employees and business process are all exactly as they were back then. (Of course, that would likely mean that you have other business issues.) You might ask yourself the following questions:
Wondering where to start and how to create one? If you are a large corporate organization, this is a good time to seek out a reputable consultant who knows your industry. If you are a smaller business, the following guidelines might be all you need.
Your business insurance portfolio and your business continuity plan complement each other. How can you know how much and exactly which insurance coverage you need if you have not analyzed your processes and resources to develop your business continuity plan? How can you complete your BCP without considering your business insurance coverages? Together they provide your business with a strong safety net.
Here at the Henry A. Latimer & Son, Inc. in Timonium, MD, we welcome the chance to review your policies with you, answer your insurance questions, and offer advice to make your business as prepared as possible to handle any disaster. So why not contact us today?
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