Businesses are the Backbone of Recovery - Get a Plan
Tuesday June 05, 2018 07:40 am - 539 Views - Posted By Recovery Assistance & Mitigation Planning
Businesses are the Backbone of Recovery
FEMA Booklet Provides Survival Plan Guidance for all Disasters
The SBA provides a series of checklists and toolkits.
Though we generally focus this time on flooding, some of the same safeguards taken for other disasters and events are useful for flood and vice versa. The links below give a list of considerations and checklists to prepare for any event.
If businesses are ready to survive and recover, the nation and our economy are more secure. America’s businesses form the backbone of the nation’s economy; small businesses alone account for more than 99% of all companies with employees, employ 50% of all private sector workers and provide nearly 45% of the nation’s payroll. The SBA reports that up to 25% of small businesses do not reopen after a disaster and 25% more are likely to fail in the next two years. A commitment to planning today will help support employees, customers, the community, the local economy and even the country. It also protects your business investment and gives your company a better chance for survival.
Review and download FEMA’s business survival plan guidance, with recommendations that reflect the Emergency Preparedness and Business Continuity Standard (NFPA 1600) developed by the National Fire Protection Association and endorsed by the American National Standards Institute and the Department of Homeland Security:
Keep in mind, always, that flood is still the most likely disaster for Louisiana. After the 2016 floods the Louisiana Commissioner of Insurance Jim Donelon estimated that 75% of those affected didn’t have flood insurance. He also estimated that 70% of small businesses didn’t carry flood insurance that would have cost on average $60 per month.