Emergency preparedness is not only about preventing injury and damage in your business. It’s also about resilience—that is, how quickly and completely you and your employees can bounce back, both at home and at work.
One important factor in resilience is insurance–which policies you have, how much coverage they offer, and which company is underwriting them. It’s just a lot easier to recover–both financially and emotionally–when you’ve got an insurance check to cover lost wages, property damages, and other costs. If you don’t have adequate insurance, or you need to spend time and energy fighting your insurance company to pay what is supposed to be covered, you will be less able to do the hard work required to get back on track.
“Business owners tend to underestimate their vulnerabilities or choose a policy based on how much it costs versus how much it covers,” says Kendra Cochran, a Petaluma resident and State Farm Insurance agent. “It’s important to remember that business insurance is doing more than protecting the business itself–it’s protecting everyone who relies on your business, including your family, your employees, and your suppliers.”