What about Costs
A business owner is always mindful of the costs. Therefore, your first step in this process should be to identify costs associated with developing and implementing an Emergency Plan. Prepare a worksheet and identify the items that are NO COST, UNDER $500 and MORE THAN $500. For example:
NO COST
Ex. Ask your insurance company or agent about policy coverage and prices.
UNDER $500
Ex. Purchase an Emergency Preparedness Kit
MORE THAN $500
Ex. Send the Emergency Management Planning Team to several days of training or conferences
The cost to prepare and implement an Emergency Plan is very little. A business disruption without an Emergency Plan is often very costly. The bottom line is - it is much better to pay now to reduce your risks then to pay later.
