{"id":6167,"date":"2019-05-22T16:46:24","date_gmt":"2019-05-22T13:46:24","guid":{"rendered":"https:\/\/www.lending-express.com\/blog\/?p=6167"},"modified":"2020-10-15T13:18:15","modified_gmt":"2020-10-15T10:18:15","slug":"business-disaster-recovery","status":"publish","type":"post","link":"https:\/\/www.become.co\/blog\/business-disaster-recovery\/","title":{"rendered":"Business Disaster Recovery: How to Create a Business Disaster Recovery Plan"},"content":{"rendered":"\n

Disasters can come knocking on your business\u2019s front door at any point in time. It\u2019s not enough to be focused on today\u2019s performance – your company needs to be prepared for the curveballs that life can throw tomorrow, next week, or even next year.<\/span><\/p>\n

While business emergency loans are definitely going to help in the event that a catastrophe hits, they won\u2019t be able to cover all of the immediate damage caused by the disaster as well as the secondary losses it may cause (if your business isn\u2019t operating, clients may seek the service you provide elsewhere, for example). That\u2019s where a business disaster recovery plan comes in handy.<\/span><\/p>\n

Feeling uncertain about your ability to respond effectively in the wake of a disaster? Here, we provide all there is to know about business disaster recovery plans, how to design them, along with which forms of emergency business funding are available.<\/span><\/p>\n\n

What is a business disaster recovery plan?<\/span><\/h2>\n

A business disaster recovery plan, as the name suggests, is a prearranged set of tactical steps that a company creates in order to respond effectively in the event of a catastrophe. A business disaster recovery plan may differ depending on the type of business that you own as well as the sort of disaster that occurs. If you own a winery in California, the focus of your disaster recovery plan would likely be placed on the threats posed by the <\/span>massive wildfires<\/span><\/a> that have recently swept across the state. On the other hand, for businesses on the Gulf Coast (Florida<\/a>, Louisiana, etc.), the odds are their recovery plans would mostly concern the possibility of major flooding.<\/span><\/p>\n

Ultimately, the primary concern in any catastrophic event is, of course, the safety and well-being of the people affected. So once you\u2019re certain that your employees are out of harm\u2019s way, a business disaster recovery plan should be the next thing that you put into action.<\/span><\/p>\n

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Important note: <\/b>Every company should have several recovery plans that detail what should be done in the event of a wide variety of disasters and for each department in the company. That way, whether it\u2019s a flood, fire, earthquake, or any other type of emergency, every part of your business will be prepared to take on any set of events without hesitation.<\/span><\/p>\n<\/blockquote>\n\n

Which businesses need a disaster recovery plan?<\/span><\/h2>\n

The fact of the matter is that every business needs a disaster recovery plan because every business is at risk of being the unfortunate victim of disastrous circumstances. We\u2019ve all heard the old saying, \u201cwe make plans, and then life happens\u201d. While that might make it sound like a useless effort to make plans at all, it\u2019s actually even <\/span>more <\/b>of a reason to prepare your business for unpredictable setbacks.<\/span><\/p>\n

When things go smoothly with a business for so long it can often result in a false sense of security. Don\u2019t be fooled! We all like to hope for the best, but any responsible business owner will do the wise thing and make sure the company is always prepared for the worst. One of the smart steps taken to ease the strain of catastrophic events is to outline a business disaster recovery plan.<\/span><\/p>\n\n

How to create a business disaster recovery plan<\/span><\/h2>\n

Creating a business disaster recovery plan from scratch can be tough, especially if you haven\u2019t had experience with such a task before. Take a look over the list below to gain insight on how to properly design a DRP.<\/span><\/p>\n

What your business disaster recovery plan needs:<\/b><\/p>\n

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  1. Procedures for all possible disasters<\/span><\/li>\n
  2. Comprehensive insurance coverage<\/span><\/li>\n
  3. List of roles and employees<\/span><\/li>\n
  4. Communication strategy<\/span><\/li>\n
  5. Inventory of equipment<\/span><\/li>\n
  6. Stockpile of essentials<\/span><\/li>\n
  7. Secondary base of operations<\/span><\/li>\n
  8. Off-site backup of documents\/data<\/span><\/li>\n<\/ol>\n\n

    More comprehensive descriptions of those pointers follow below.<\/strong><\/p>\n\n

    1. Procedures for all possible disasters<\/span><\/h3>\n

    There is an infinite amount of different disasters that can result in the need for emergency business funding, but that doesn\u2019t necessarily mean you need to have a unique plan for each one. You\u2019ll want to shape your response plan(s) in such a way that you will be prepared to face any catastrophe, such as:<\/span><\/p>\n