This week is National Small Business Week (NSBW) and as the people of Joplin, Missouri mark the one-year anniversary of the deadliest tornado in U.S. history since modern-record keeping began, weÃ¢â‚¬â„¢re reminded of the importance of disaster planning for businesses.
The Joplin Globe reportsÃ‚ on the remarkable recoveryÃ‚ rate that of the 553 businesses destroyed or severely damaged in the Joplin tornado a year ago, nearly 81 percent have reopened.
Businesses that are forced to close down following a disaster run the risk of never being able to open their doors again.
The Insurance Information Institute (I.I.I.) notes that while thereÃ¢â‚¬â„¢s no way to lower the risk of a natural disaster, there are critical measures that can be taken to protect a companyÃ¢â‚¬â„¢s bottom line from natureÃ¢â‚¬â„¢s fury.
A disaster plan and adequate insurance are keys to recovery.
Check out this I.I.I. video for info on insurance for the small and medium-sized business owner:
Another great resource is the IBHS Open for BusinessÃ‚ ® toolkit.