Cottonwood Heights is committed to helping local businesses create disaster plans. It is important for your business to invest in a preparedness/continuity program.
Our City Emergency Manager can provide your business with many resources to help you create a plan for your company plan, risk assessment. We can also provide you with information to help your employees create personal preparedness plans.
The following are good reasons:
- Up to 40% of businesses affected by a natural or human-caused disaster never reopen. (Source: Insurance Information Institute)
- Customers expect delivery of products or services on time. If there is a significant delay, customers may go to a competitor.
- Larger businesses are asking their suppliers about preparedness. They want to be sure that their supply chain is not interrupted. Failure to implement a preparedness program risks losing business to competitors who can demonstrate they have a plan.
- Insurance is only a partial solution. It does not cover all losses and it will not replace customers.
- Many disasters — natural or human-caused — may overwhelm the resources of even the largest public agencies. Or they may not be able to reach every facility in time.
- News travels fast and perceptions often differ from reality. Businesses need to reach out to customers and other stakeholders quickly.
- An Ad Council survey reported that nearly two-thirds (62%) of respondents said they do not have an emergency plan in place for their business.
- According to the Small Business Administration, small businesses:
An investment in planning today will not only help protect your business investment and your livelihood, but will also support your employees, customers and stakeholders, the community, the local economy and even the country. Get ready now!
Ready Business was developed in consultation with the following organizations: The 9/11 Public Discourse Project, ASIS International, Business Executives for National Security, The Business Roundtable, International Safety Equipment Association, International Security Management Association, National Association of Manufacturers, National Federation of Independent Businesses, Occupational Safety and Health Administration, Small Business Administration, Society of Human Resource Managers, and U.S. Chamber of Commerce. This commonsense framework is designed to launch a process of learning about business preparedness.
How much time and effort you should invest in a preparedness program depends upon many factors.
Regulations establish minimum requirements and beyond these minimums each business needs to determine how much risk it can tolerate. Many risks cannot be insured, so a preparedness program may be the only means of managing those risks. Some risks can be reduced by investing in loss prevention programs, protection systems and equipment. An understanding of the likelihood and severity of risk and the costs to reduce risk is needed to make decisions.