Prepare For Crisis With a Business Continuity Plan

A crisis can impact your business at any time, without warning. Creating a business continuity plan before a disaster or hardship strikes will help prepare you and your employees.

The experts at Jewelers Mutual Insurance Company, which specializes in jewelry insurance for the industry and consumers, advise retailers to take the time now to assess your business functions, both internally and externally. You need to determine which staff, materials, procedures and equipment are absolutely necessary to keep the business operating.

Start by answering these questions, provided by Jewelers Mutual, and document your answers:

1. Which operations are critical to the survival and recovery of my business?
   
2. How will I handle payroll? What is my emergency payroll plan?
   
3. Who will make financial and accounting decisions to track costs?
   
4. What is my management succession plan?
   
5. Which employees have skills necessary to provide key business functions?

Take The Tip:

Find many more questions, as well as a detailed resource for disaster planning of any type in the Jewelers Mutual Hurricane Preparedness Guide. Click here to access the Guide, which can be found in the Business Safety & Security section of the Jewelers Mutual website. To learn more about Jewelers Mutual insurance products and other benefits, visit JewelersMutual.com.