With recent years having severe extremes of weather and 2020 being classed as the fifth wettest winter on record*, here’s some tips to help you review your flood defences in case 2023 is another wet winter.
It is important to make sure that your staff know the business continuity plan should a flood happen. They also need to understand their role in it. it is a good idea to periodically review the flood plan and keep a copy of the plan offsite at an out of risk location.
Managing the Emergency
It is unlikely that businesses at risk can relocate to safer areas. To limit damage and improve the speed of business recovery, consider the following actions and decide. which are practical for your business:
Your business interruption insurance cover will take care of your lost income. You can help your business recovery with these basic steps:
Alison Wild BCom (Hons), MAAT, MATT, Taxation Technician is a highly respected industry professional who has been working with and advising SMEs in areas including tax, pensions, insurance and marketing for over 25 years. She is a member of the Association of Accounting Technicians (AAT) and Association of Tax Technicians (ATT) and also has over 20 years' experience as a residential landlord.
Date: December 14, 2022
Category: Small Business