Too
often natural disasters
strike and serve as reminders
that it's important for both individuals
and businesses to protect themselves against the potential
financial consequences of such events. A few smart steps we recommend
include making electronic backups of important
records, including your insurance
policies, tax returns,
bank and credit card account
information, and vital records. It is
critical that you store this backup in a separate location
that will be easy to access if your area suffers damage. You should also take the time to take pictures
or videos of your home or business
and store them separately in case you need to make an insurance claim.
If
you run a business, you must consider
how you will get up and running
again after a disaster. It's a good idea to develop contingency plans that will enable employees
to work from home or elsewhere if your location
is damaged or inaccessible. Both businesses and families should consider using phone trees or other methods to maintain contact
in an emergency. Review your contact and contingency plans every year to be sure they are up to date.
Want further advice on protecting your family's or business's financial well-being in case of a disaster? We can help. Contact us today with all your financial questions.