At a glance: Disaster preparedness tips for businesses

At a glance: Disaster preparedness tips for businesses
Oklahoman Modified: July 21, 2013 at 6:00 pm •  Published: July 21, 2013
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At a glance

Disaster preparedness

tips for businesses

By taking a few simple steps, business owners can be better prepared for a disaster, said Lee Symcox, president and CEO of First Fidelity Bank.

“Basic planning is the key,” Symcox said. “When a crisis happens, that's not the time to be worrying about what the next step is.”

Businesses need to make sure that their customer information, payroll data and other information is secure and backup data is stored off site in the event of an emergency, Symcox said.

“You've got to be able to replace that data in a timely manner,” he said.

Having funds in reserve in case of a disaster or other emergency is also important for businesses, Symcox said.

“As the tornadoes have pointed out, you may have to go rent a new location to keep your business going and come out of pocket while you are waiting to get your insurance settlement,” he said.

A business has to have access to cash or credit to replace critical equipment and take care of other expenses in the event of a crisis, Symcox said.

From Staff Reports